Package of EU Anti-Money Laundering Legislation Published | A&O Shearman – Information Important Web

A collection of anti-money laundering governing has been publicised in the Official Journal of the dweller Union, which includes:

• the Regulation on the hindrance of the ingest of the business grouping for the purposes of money laundering or terrorist finance (Regulation (EU) 2024/1624) (AML Regulation), which enters into obligate on July 9, 2024, 20 life after business in the Official Journal of the dweller Union. It module administer from July 10, 2027, eliminate in traffic to sport agents and destined transactions conducted by professed sport clubs, to which it module administer from July 10, 2029;
• the Regulation establishing the Anti-Money Laundering Authority (Regulation (EU) 2024/1620) (AMLA Regulation), which enters into obligate on June 26, 2024, heptad life after business in the Official Journal of the dweller Union. It module administer from July 1, 2025, with the omission of Articles 1, 4, 49, 53 to 55, 57 to 66, 68 to 71, 100, 101, and 107, which module administer from June 26, 2024, and Article 103, which module administer from Dec 31, 2025.; and
• the Sixth Money Laundering Directive (MLD6) (Directive (EU) 2024/1640), which enters into obligate on July 9, 2024, 20 life after business in the Official Journal of the dweller Union. Member states are required to alter into obligate the laws, regulations, and administrative viands needed to obey with MLD6 by July 10, 2027, with the omission of Article 74, for which the abnormalcy deadline is July 10, 2025; Articles 11 to 13 and 15, for which the abnormalcy deadline is July 10, 2026; and Article 18, for which the abnormalcy deadline is July 10, 2029. MLD4 module be repealed with gist from July 10, 2027.

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