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

Policy overview

Description

Issued European Commission proposal for a Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing

On 20 July 2021, the European Commission issued a proposal for a Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AML/CFT). The proposal includes provisions on beneficial ow…

Scope

Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2021-07-20
under deliberation

On 20 July 2021, the European Commission issued a proposal for a Regulation on the prevention of th…

2022-12-07
under deliberation

On 7 December 2022, the Council of the European Union adopted its position on Regulation on the pre…

2023-04-17
under deliberation

On 17 April 2023, the European Parliament announced the approval of its negotiation mandate on the …

2024-01-18
under deliberation

On 18 January 2024, the European Parliament and the Council reached a provisional agreement on part…

2024-04-24
under deliberation

On 24 April 2024, the European Parliament passed the regulation on the prevention of the use of the…

2024-05-30
adopted

On 30 May 2024, the Council of the European Union adopted the regulation on the prevention of the u…