On 20 July 2021, the European Commission announced a package of legislative proposals to strengthen the EU’s anti-money laundering and countering the financing of terrorism (AML/CFT) framework. As at February 2024, with legislative proposals being (provisionally) approved and adopted by the European co-legislators, the new EU AML framework is becoming reality.
The new EU AML framework will broaden the scope of application to new entities, such as crypto-asset service providers, crowdfunding service providers and professional football clubs and agents. It will also introduce new obligations – like a limit for cash payments and new reporting obligations for dealers in certain luxury goods – and optimize and harmonize current obligations.
The KPMG Forensic AML/CFT Regulatory Radar provides a comprehensive guide to the AML/CFT regulatory framework and presents an overview of the latest developments in the European Union and the Netherlands, allowing financial institutions and other interested parties to stay abreast of the latest regulatory developments in this field.
More information? Download the publication below.
Download the AML/CFT Regulatory Radar
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Contact our experts
Evelyn Bell
Director Forensic
+31 6 19278758
bell.evelyn@kpmg.nl
Melissa van den Broek
Senior Manager Forensic
+31 6 57146541
vandenbroek.melissa@kpmg.nl
