Insights

The Fourth EU Anti-Money Laundering Directive

European Commission Update

In February 2016 the European Commission published an Action Plan to further strengthen the fight against the financing of terrorism in light of recent terror attacks in Europe.

Overview

In December 2015, the European Commission proposed a Directive on combatting terrorism which criminalises terrorist financing and the funding of recruitment, training and travel for terrorism purposes. The European Commission is now proposing further ways to tackle the abuse of the financial system for terrorist financing purposes. The European Commission is calling on Member States to commit to a further enhanced Action Plan in regards the Fourth AML Directive by the end of 2016.

 

The Fourth EU Anti-Money Laundering Directive: European Commission Update
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