Money laundering and terrorist financing: new rules adopted


Money laundering and terrorist financing: new rules adopted

On 14 May 2018, the Council of the EU adopted a new directive strengthening rules to prevent money laundering and terrorist financing.

The NEW Directive of the European Parliament and of the Council, is amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU.
"These new rules respond to the need for increased security in Europe by further removing the means available to terrorists", said Vladislav Goranov, who currently holds the Council presidency. "They will enable us to disrupt criminal networks without compromising fundamental rights and economic freedoms."

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