In July 2024, the new EU anti-money laundering and countering the financing of terrorism (AML/CFT) framework entered into force and the European Anti-Money Laundering Authority (AMLA) was formally established. A new European AML/CFT era has begun. This new framework broadens the scope of application to new entities, such as crypto-asset service providers and professional football clubs and agents. It also introduces new obligations – like a limit for cash payments and new reporting obligations for dealers in certain luxury goods – and optimizes and harmonizes 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. This is the 2nd edition of the Regulatory Radar and incorporates all relevant regulatory developments until 4 September 2024.
More information? Download the publication below.
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