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Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing

This proposal establishes directly applicable EU-wide rules to prevent money laundering and terrorist financing, expanding obligations to crypto-asset…

What Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing requires

This proposal establishes directly applicable EU-wide rules to prevent money laundering and terrorist financing, expanding obligations to crypto-asset service providers, crowdfunding platforms, and migration operators, with enhanced due diligence requirements based on risk levels as outlined in the proposal. It forms part of the EU AML/CFT single rulebook under Article 17-level customer due diligence measures.

Pillar: Financial Crime, AML & Sanctions · Authority: European Commission · Version: 1.0.1 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52021PC0420

SHA-256 integrity: fbda54600e06349e1a62787e60cdd3579e7d914cd1ce779e1f6dc864d4ae2bf9

Primary Citations — 5 traced to source

  • Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, COM/2021/420 final - Expansion of obliged entities to include crypto-asset service providers
  • Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, COM/2021/420 final - Enhanced due diligence measures applied to third countries posing threat to the Union's financial system

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