Nearly There Fourth Money Laundering Directive

The last edition of Regulatory Roundup (Issue 64) advised that following approval by the European Council the (fourth) Money Laundering Directive was now awaiting adoption by the European Parliament (EP).

The rules have now been adopted by the EP and both the Directive and the Regulation were published in the Official Journal of the EU on 5 June 2015.

Member States will have to transpose the requirements of the Directive into national law by 26 June 2017.  The Regulation (being a Regulation) does not require any actions by Member States as it becomes binding upon them from the same date.