The European Union (EU) has implemented a series of broad Anti-Money Laundering (AML) Directives since 2015.
These directives have progressively built on each other to compel EU financial institutions (FIs) and other reporting entities to detect and prevent financial crime. The latest, 6AMLD, greatly extends the scope of AML enforcement.
This white paper explores:
- The threat landscape and AML risks in the EU
- Five key changes in 6AMLD that impact EU businesses
- Best practices for evolving Customer Due Diligence measures in response to 6AMLD
- How regtech supports comprehensive AML programs that reduce financial crime