Fourth Money Laundering Directive

The (fourth) Money Laundering Directive (4MLD) continues to progress through the European machinery following  a deal having been struck by the European Parliament and European Commission just before Christmas.

A press release issued by the Parliament on 17 December reminds us that a key element of 4MLD is the requirement for the creation of central registers to hold information on the beneficial ownership of corporate and other legal entities – see Regulatory Roundup 60.

We are advised that the deal still needs to be endorsed by various internal committees, including the Committee of Permanent Representatives (COREPER), before being put to the vote by the full Parliament later this year.

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