European Union: Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing

Progress

Current status
under deliberation
18 Jan 2024 under deliberation
17 Apr 2023 under deliberation
07 Dec 2022 under deliberation

Scope

Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
executive
Government Body
parliament
central government
Implementation Level
supranational

Timeline of events

18 Jan 2024
under deliberation

Adopted Provisional Agreement for Crypto-Asset Service Providers on the prevention of money laundering and financing of terrorism

On 18 January 2024, the European Parliament and the Council reached a provisional agreement on parts of the regulation that exhaustively harmonises anti-money laundering rules throughout the European Union. The regulation expands the list of obliged…

Source
Event type law
Action type announcement
Government branch legislature
Government body parliament
17 Apr 2023
under deliberation

Approved European Parliament negotiation mandate for proposals to reform the EU’s policies on anti-money laundering and countering the financing of terrorism

On 17 April 2023, the European Parliament announced the approval of its negotiation mandate on the Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AML/CFT). Under the propo…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
07 Dec 2022
under deliberation

Adopted Council of EU general approach on Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing

On 7 December 2022, the Council of the European Union adopted its position on Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AML/CFT). Under the Council general approach, …

Source
Event type law
Action type passage
Government branch executive
Government body central government