EP’s latest briefing shows that the EU’s new AML/CFT framework, anchored by AMLA, unifies supervision, closes regulatory gaps, enforces stricter due diligence and BO rules

The briefing aims to harmonise supervision, close regulatory gaps, and strengthen enforcement across the bloc through a single AML rulebook, stricter due-diligence and beneficial-ownership transparency rules, an expanded list of obliged entities, a €10,000 cash-payment cap, and enhanced cross-border cooperation to better detect, prevent, and prosecute money laundering and terrorist financing…