The last piece of the puzzle of the implementation of the 5th AML Directive

Here to assist you in assessing your compliance process.

Aspects and changes of the law of 25 March 2020 are the following:

  • Extended scope of professionals subject to AML-CTF obligations;
  • Reinforcement of the customer due diligence (“CDD”) measures applicable to professionals, including new rules for enhanced CDD measures;
  • New rules relating to the recourse by professionals to third parties introducers to carry out their CDD measures on their behalf ;
  • Reinforcement of the powers of competent authorities and self-regulatory bodies in charge of the supervision of professionals subject to AML-CTF obligations;
  • Strengthening of both national and international cooperation between competent authorities and self-regulatory bodies.
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