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Commission Updates AML/CFT High-Risk List 
8 July 2025
Dr. Anna Pingen Dr. Anna Pingen in Issue 2/2025
In June 2025, the Commission updated its list of high-risk jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes, requiring EU entities to apply enhanced vigilance in transactions involving them. Ten jurisdictions were added: Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, … Read more
EU Commission Money Laundering Terrorism
ECJ Topples Malta's Golden Passport Scheme 
22 May 2025
Thomas Wahl Thomas Wahl in Issue 1/2025
On 29 April 2025, the ECJ toppled the Maltese programme that granted citizenship in turn of financial investments to the country. The top EU court considered this programme incompatible with fundamental EU values. Read more
EU Area of Freedom, Security and Justice Corruption Money Laundering
MONEYVAL: Fifth Round Evaluation Report on Guernsey 
26 March 2025
Thomas Wahl Thomas Wahl in Issue 1/2025
On 10 February 2025, MONEYVAL published its 5th round mutual evaluation report on Guernsey. The report acknowledged Guernsey’s good understanding of the risks of money laundering/terrorist financing (ML/TF) and its highly effective application of targeted financial sanctions. Read more
EU Money Laundering
Guidance on Cooperation between Financial Institutions and Investigative Authorities 
3 March 2025
Cornelia Riehle LL.M. Cornelia Riehle LL.M. in Issue 1/2025
At the end of January 2025, the EFIPPP published a practical guide with an overview of how and why to ensure successful operational cooperation between financial institutions and investigative authorities in the fight against financial crime. Read more
EU Europol Money Laundering Protection of Financial Interests Law Enforcement Cooperation
EU Supranational Measures in MONEYVAL 5th Round Mutual Evaluation Report 
31 January 2025
Thomas Wahl Thomas Wahl in Issue 4/2024
On 20 December 2024, MONEYVAL published the findings of a horizontal study that has analysed how EU supra-national legislation, mechanisms and other initiatives have been considered and weighted in MONEYVAL’s 5th round assessments. The study emphasised that more than a third of MONEYVAL member countries … Read more
Council of Europe Money Laundering
ECJ Ruled on Concept of "External Accountants" in AML Directive 
7 January 2025
Thomas Wahl Thomas Wahl in Issue 4/2024
On 5 December 2024, the ECJ delivered a ruling on the personal scope of application of the fourth Anti-Money Laundering Directive (Directive (EU) 2015/849). The underlying Latvian proceedings concerned the question of whether a company (a legal person) that provides accounting services for entities affiliated … Read more
EU Money Laundering
MONEYVAL: Annual Report for 2023 
16 December 2024
Thomas Wahl Thomas Wahl in Issue 3/2024
In its annual report for 2023, published on 8 November 2024, MONEYVAL provides an overview of compliance trends of in the states and jurisdictions which have been evaluated as regards their compliance with international standards on combatting money laundering, the funding of terrorism and … Read more
Council of Europe Money Laundering
MONEYVAL: Fifth Round Evaluation Report on Jersey 
22 November 2024 (updated 1 year, 4 months ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
In its 5th round mutual evaluation report on the UK Crown Dependency of Jersey (published on 24 July 2024), MONEYVAL attested a good level of compliance with the international AML/CFT standards. MONEYVAL commended that Jersey has significantly strengthened its regulatory AML/CFT framework since the last … Read more
Council of Europe Money Laundering
EBA: New Guidelines on "Travel Rule" to Tackle Money Laundering 
5 August 2024 (updated 1 year, 11 months ago)
Dr. Anna Pingen Dr. Anna Pingen in Issue 2/2024
The European Banking Authority (EBA) has published new guidelines on 4 July 2024 pertaining to the "travel rule", i.e. the information that should accompany transfers of funds and certain crypto assets. Read more
EU Money Laundering
ECJ: No Ruling on Defendant's Right to Participate via Videoconference 
31 July 2024
Thomas Wahl Thomas Wahl in Issue 2/2024
In its judgment in the Joined Cases C-255/23 and C-285/23 (AVVA and Others), the ECJ clarified on 6 June 2024 that it will not rule on the question whether Union law confers defendants a right to participate at trial remotely via videoconference. The … Read more
EU Money Laundering European Arrest Warrant European Investigation Order Procedural Safeguards
Spotlight Comprehensive AML/CFT Reform Finalised 
18 July 2024 (updated 11 months, 1 week ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
On 19 June 2024, several pieces of legislation with new rules fighting money laundering (ML) and the financing of terrorism (FT) were published in the EU's Official Journal. This news item provides an overview of the legal acts and the main novelties of the general overhaul of the EU's rules on AML/CFT, including the new central Anti-Money-Laundering Authority. Details of the acts are explained in separate news items (→ related links). Read more
EU Money Laundering
Spotlight Tasks, Powers and Structures of the New EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) 
18 July 2024 (updated 11 months, 1 week ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
On 19 June 2024, Regulation (EU) 2024/1620 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) was published in the EU’s Official Journal. AMLA main tasks will be to ensure the quality and effectiveness of the EU rules to counter money laundering and terrorist financing. The seat of the new authority will be Frankfurt a.M., Germany. Read more
EU Money Laundering
Spotlight The EU’s New AML Single Rulebook Regulation 
18 July 2024 (updated 11 months, 1 week ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
Obligations for private entities to prevent the use of the financial system from money laundering and terrorist financing are now prescribed in a directly applicable Regulation. Regulation (EU) 2024/1624 was published in the Official Journal of the EU of 19 June 2024. It replaces the system to date that has regulated said obligations in Directives. Read more
EU Money Laundering
New Anti-Money Laundering Directive (AMLD 6) 
18 July 2024 (updated 11 months, 1 week ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
On 19 June 2024, the sixth Anti-Money Laundering Directive was published in the Official Journal of the EU. It mainly deals with organisational and institutional issues of the preventive framework that are addressed respectively to the Member States, their supervisory authorities, and Financial Intelligence Units. Read more
EU Money Laundering
New Directive: Access of National Authorities to Future Interconnection System of Bank Account Information 
18 July 2024 (updated 1 year, 10 months ago)
Thomas Wahl Thomas Wahl in Issue 2/2024
Directive 2024/1654 is the fourth legal act in the EU’s AML/CFT package that was published in the Official Journal of 19 June 2024. The Directive complements the Anti-Money Laundering Directive (Directive 2024/1620 [AMLD 6] → separate news item). It ensures that designated national authorities … Read more
EU Money Laundering
MONEYVAL: Fifth Round Evaluation Report on Azerbaijan 
3 May 2024
Dr. András Csúri Dr. András Csúri in Issue 1/2024
On 12 February 2024, MONEYVAL published its fifth round evaluation report on Azerbaijan. Its geographical, transcontinental location impacts the risks related to drugs smuggling and higher risk jurisdictions. The most important sector within the financial industry is the banking sector, holding 95% of the country’s … Read more
Council of Europe Money Laundering