Hot Issue (#01-02 January-February 2020)

The Implementation of the Fifth Anti-Money Laundering Directive in German Law Ч Tightening of the Screw?

by Dr. Timo Holzborn, Olexiy Oleshchuk

In the course of the УPanama PaperФ scandal, EU Directive 2015/849 on prevention of the use of the financial system for the purposes of money laundering or terrorist financing Ч known as 4. Anti-Money Laundering Directive (У4. AMLDФ) Ч was amended by EU Directive 2018/843, which is known as the Fifth Anti-Money Laundering Directive (У5. AMLDФ), despite being only an amendment to 4. AMLD. 5. AMLD came into force in mid-2018. Each EU member state must transpose 5. AMLD into national legislation by 10 January 2020.

In general, the 5. AMLD implements the following changes:

The abstract/extract view of this article is free. Access to the full text of this article requires a subscription.

Please send subscription inquiries by:

Fax: +380 44 495-2777
E-mail: subscribe@ujbl.info

Subscribe
The Ukrainian Journal of Business Law

Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print.

All this for just USD 9.99 a month.

 

Subscribe now

яндекс.ћетрика