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Nov 17, 2017

Break Down of Negotiations on New EU Money Laundering rules

The European Parliament published a press release on the ongoing negotiations on the amendments of the 4th Anti-Money Laundering Directive (AMLD) also known as the 5th Anti Money Laundering Directive. Member States are not ready to close deal on the AMLD, say the rapporteurs involved in the negotiations from… read more
Oct 27, 2017

EU Negotiations on the 4th Money Laundering Directive

The amendments of the EU's fourth Anti-Money Laundering Directive (4AMLD) also called the 5th AMLD, are currently under negotiations by the European Institutions. This negotiation known as a trilogue is an informal tripartite meeting attended by representatives of the European Parliament, the Council and the… read more
Sep 14, 2017

EU Money Laundering Directive - transposition

EU Money Laundering Directive - transposition The Member States had until 26 June 2017 to transpose the 4th EU Anti-Money Laundering Directive (4AMLD) in their national law. Despite various calls from DG JUST, various Member States did not meet the transposition deadline and have faced the first phase of an… read more
Sep 13, 2017

Supranational Risk of ML and TF in the EU

Supranational Risk Assessment in the EU The European Commission has carried out their suprantional risk assessment of all sectors and their exposure to money laundering and terrorist financing. The report includes an examination of options to enhance the operation and cross-border cooperation of Financial… read more
Jun 02, 2017

Amending the 4th Anti-Money Laundering Directive - what does the 5th AMLD bring?

The deadline for transposing the 4th Anti-Money Laundering Directive (AMLD) at the end of this month is looming for the few Member States that have yet to publish draft texts of the national law. At the same time, the trilogue negotiations continue between the European Commission, Council and Parliament to… read more
Dec 21, 2016

Commission adopts stronger rules to fight terrorism financing

Commissioners Dimitris Avramopoulos, Věra Jourová and Julian King Today, the European Commission has adopted a package of measures to strengthen the EU's capacity to fight the financing of terrorism and organised crime, delivering on the commitments made in the Action Plan against terrorist financing from… read more
Nov 09, 2016

FATF in Brussels to address policy challenges in Financial Crime: FinTech and Information Sharing

The FATF under the Spanish Presidency have announced that the risks and opportunities of FinTech will be part of their new priorities. We will also be joined by MEP Judith Sargentini who has been appointed co-rapporteur for the revision of the Anti-Money Laundering directive. On 7 December 2016, AME and RUSI… read more
Jun 07, 2016

Conference on EU Action Plan 'to strengthen the fight against the financing of terrorism'

AME and the Royal United Services Institute would like to invite you to a conference on The Financing of Terrorism on 30 June 2016 This half-day event will address the main elements of the EU’s Action Plan ‘to strengthen the fight against terrorist financing’ namely the issues related to information sharing… read more
May 22, 2016

The Role of Public Private Partnerships in Tackling Financial Crime

AME joined an event on The Role of Public/Private Partnerships in Tackling Financial Crime organised by the Centre for Financial Crime and Security Studies at RUSI and Sullivan & Cromwell LLP in New York. The event hosted a number of high-level speakers from both the private and public sector who outlined… read more
Apr 24, 2016

Tighter UK Anti-Money Laundering and Counter Terrorism financing Rules

The UK Home Office published it's Action Plan to combat money laundering and the funding of terrorism The document outlines: actions the government will introduce to stop money laundering when the actions are due to be completed what the government has done so far how the government will implement the action… read more
Feb 05, 2016

EU Action plan to fight against terrorist financing

The 4th Directive to combat money laundering and terrorist financing is not implemented but already the European Commission has moved towards new steps to tackle all the gaps of this directive. The Action Plan will focus on two main strands of action: Tracing terrorists through financial movements and… read more
Jan 18, 2016

MONEYVAL publishes a report on Guernsey

MONEYVAL publishes a report on Guernsey Moneyval have urged the United Kingdom’s Crown Dependency of Guernsey to increase the penalties which can be applied to financial institutions in this area. Further progress is needed in the number of investigations, prosecutions and convictions concerning money… read more
Jan 08, 2016

Terrorist Financing at the UN

Finance ministers of the United Nations Security Council's member countries passed a resolution in New York on Thursday (17 December) to cut funding for Islamic State. Before the meeting, French Minister of Finance Michel Sapin pointed specifically to the use of pre-paid bank cards which can be charged by… read more
Jan 07, 2016

Online Gambling and AML Agreement

The EU’s gambling regulatory authorities signed an agreement on online gambling services. The agreement, which the Commission claims is a world’s first, covers areas including the supervision of compliance with national laws, consumer protection, money laundering and fraud, and match-fixing. The industry,… read more
Oct 26, 2015

Anti-Money Laundering Europe (AME) at the Council of Notaries of the European Union (CNUE)

On Wednesday 14 October 2015, Laura Heuvinck spoke on behalf of Anti-Money Laundering Europe (AME) at the Council of Notaries of the European Union (CNUE) money laundering lunch debate. She gave a short presentation of the AME platform and in terms of the 4th Anti-Money Laundering Directive addressed the… read more
Oct 26, 2015

Public hearing and consultation on anti-money laundering and countering the financing of terrorism

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched a public consultation on two anti-money laundering and countering the financing of terrorism (AML/CFT) Guidelines. These Guidelines promote a common understanding of the risk-based approach to AML/CFT and… read more
Jun 23, 2015

FATF to launch UK money laundering review in 2016

While money-laundering laws cover all types of crime and not just corruption, rules around the funds of so-called politically exposed persons (PEPs) is one area where the law could be tightened, according to legal experts. PEPs are public officials or relatives who could be more at risk of handling bribes.… read more
Jun 23, 2015

New EU anti-money laundering directive to come into force from 26 June

A raft of reforms to EU anti-money laundering rules will become EU law later this month after they were finalised and published in the Official Journal of the EU. Countries will have two years to turn the directive into national law. The fourth Anti-Money Laundering (AML) Directive will take effect from 26… read more
Jun 23, 2015

AME Roundtable on the future of Financial Crime in Europe

On 4th June, Anti-Money Laundering Europe organised its biannual event for its members in the European Parliament MEP Ana Gomes hosted the lunch roundtable which aimed to discuss the future of Financial Crime in Europe. From laws to combat money laundering and the financing of terrorism, tax fraud and… read more
May 21, 2015

4th AML Directive voted in Plenary

The fourth anti-money laundering directive (AMLD) will for the first time oblige EU member states to keep central registers of information on the ultimate "beneficial" owners of corporate and other legal entities, as well as trusts. These central registers were not envisaged in the European Commission’s… read more
Apr 30, 2015

Money laundering: Council approves strengthened rules

The Council on 20 April 2015 adopted its position at first reading on new rules aimed at preventing money laundering and terrorist financing. The directive and regulation will strengthen EU rules against money laundering and ensure consistency with the approach followed at international level. The regulation… read more
Apr 27, 2015

AML measures by MSBs, Lawyers and Casinos not adequate says FATF

Belgium’s regime for combatting money laundering and terrorist financing is well established; however, certain elements are not yet fully in line with the 2012 FATF Recommendations 23/04/2015 - Belgium has the core elements of a sound anti-money laundering and counter-terrorist financing (AML/CFT) regime,… read more
Apr 01, 2015

Organised crime in EU worth at least €110bn a year, says study

Revenues from organised crime in the EU are worth at least €110bn a year but authorities still confiscate only a tiny fraction of criminals’ ill-gotten gains, according to a major study. Illicit markets — including drugs, arms, human trafficking, counterfeiting and tax fraud — are equivalent to 1 per cent of… read more
Feb 18, 2015

Another step closer to stronger rules to combat EU money laundering

Věra Jourová, EU Commissioner for Justice, Consumers and Gender Equality, has today welcomed the endorsement by the General Affairs Council of the political agreement on the anti-money laundering package. "Today's endorsement in Council marks another step closer to stronger rules to combat money laundering… read more
Dec 17, 2014

Landmark Deal on EU's fourth Anti-Money Laundering Directive

Following intense negotiations including discussions held at the AME Event on 3rd December between MEPs, the Italian Presidency and the European Commission, a deal has been agreed yesterday evening, 16th December. Statements from the co-rapporteurs: ”For years, criminals in Europe have used the anonymity of… read more
Dec 16, 2014

AME's Informal Trilogue in the European Parliament

On 3rd December, Schuman Associates as secretariat of Anti Money Laundering Europe organised a lunch seminar hosted by MEP Timothy Kirkhope at the European Parliament. The event was a great success as it developed into an informal trilogue meeting over the upcoming 4th Anti-Money Laundering Directive.… read more
Nov 10, 2014

European arrest warrant and Financial Crime

Article in FT 6 November 2014 European arrest warrant move set to put £100m tax at risk Helen Warrell and Elizabeth Rigby Britain will lose over £100m a year in tax evasion and face increased risks of fraud, money laundering and counterfeiting if it pulls out of the common European arrest warrant and other… read more
Nov 03, 2014

A new EU Term begins - much to keep lawyers occupied

After the protracted handover of European commissions, there is much to keep lawyers occupied. The leaves are turning, a new term begins – and that applies to the European Commission, too. After the agonisingly protracted passing of the baton from one commission to the next, the new commissioners under… read more
Jul 10, 2014

AME 10th Anniversary Meeting with MEP Sargentini, DG Markt and DG Justice

Thank you to everyone who has been supporting AME over the past 10 years. It was great seeing so many members and supporters at our June event. For further information on this event, please see our Meetings section of the website read more
Jun 16, 2014

The battle against Money Laundering - Has Germany lost?

Germany's inadequate efforts to control money laundering may end up getting it classified as a high-risk country. The Organization for Economic Cooperation and Development has called upon Germany to get its act together and crack down on "dirty money." Banks, Real estate, Gambling institutions are all… read more
May 30, 2014

Police need powers to tackle virtual money laundering: Europol

How will virtual currencies like Bitcoins be regulated in the 4th Anti-Money Laundering Directive? AME's previous meeting in December 2013 looked into the issues around regulating this. Article in Reuters. http://www.reuters.com/article/2014/03/24/us-bitcoin-europol-money-laundering-idUSBREA2N1A420140324 read more
May 30, 2014

Next AME event will be held 19 June 2014

2004-2014 10 Years fighting Financial Crime To celebrate the 10th year of the Anti Money Laundering Platform, we are delighted to announce our spring meeting on 19th June at the European Banking Federation. Speakers will cover the upcoming 4th Anti-Money Laundering Directive as well as some other Financial… read more
May 30, 2014

Fighting Fraud: Hercule III Work Programme adopted

The European Commission adopted the first annual work programme for the new anti-fraud programme Hercule III. In 2014, € 13.7 million will be made available to support Member States in fighting fraud, corruption and other illegal activities. The Programme will also help finance specific projects x-ray… read more
Apr 10, 2014

Does Anti-Money-Laundering Work?

FATF Interview with the Wall Street Journal click here A recent independent report by the Center on Law and Globalization found serious shortcomings in how the International Monetary Fund and the Financial Action Task Force have been policing money laundering. The report examined the recently concluded third… read more
Apr 01, 2014

FATF Private Sector Consultation

Anti-Money Laundering Europe was invited to the Financial Action Task Force (FATF) Private Sector Consultative Forum in Brussels, Belgium on 25-26 March 2014. The topics covered: General discussion on Cooperation between FATF and private sector RBA for the banking Sector RBA for the money service business… read more
Feb 27, 2014

Money laundering: MEPs vote for public registers of companies and trusts

Krišjānis Kariņš (EPP, LV) speaking at our December 2013 Meeting A report on the EU's 4th Anti-Money Laundering Directive has been approved by a joint vote of the Economic Affairs and the Justice and Home Affairs committees in the European Parliament. Both Rapporteurs, Judith Sargentini (Greens/EFA, NL) and… read more
Feb 03, 2014

Commission unveils first EU Anti-Corruption Report

Corruption costs the European economy around 120 billion euros per year. Member States have taken many initiatives in recent years, but the results are uneven and more should be done to prevent and punish corruption. These are some of the conclusions from the first ever EU Anti-Corruption Report published by… read more
Dec 19, 2013

AME - Anti Money Laundering Europe lunch seminar at the European Economic and Social Committee with MEP Krisjanis Karins and Christophe Zeeb, EESC

On 3rd December AME – Anti Money Laundering Europe organised a seminar at the European Economic Social Committee (EESC) The seminar discussed the European Commission’s proposed Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing - the… read more
Nov 01, 2013

European Parliament passes EU action plan to fight money laundering

The European Parliament has adopted a non-legislative resolution that sets out an EU action plan for 2014-2019 to fight organised crime. The special Committee on Organised Crime, Corruption and Money Laundering of the EP was created in March 2012. Its purpose was to assess the impact of mafia-type activities… read more
Jun 19, 2013

AME - Anti Money Laundering Europe lunch seminar at the European Parliament with MEP Judith Sargentini, the Greens / EFA

On 5th June AME – Anti Money Laundering Europe organised a lunch seminar at the European Parliament to discuss the European Commission’s proposed Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing - the “4th Anti-Money Laundering… read more
Mar 25, 2013

European Economic and Social Committee Towards legal, safe and regulated online gambling: utopia or reality?

PUBLIC HEARING Tuesday, 9 April 2013 at 9.00 a.m. The Section for Single Market, Production and Consumption of the European Economic and Social Committee (EESC) will organise a Public Hearing "Towards legal, safe and regulated online gambling: utopia or reality?" in the context of drafting the opinion on the… read more
Mar 25, 2013

CRIM Committee Inter-parliamentary committee meeting

The CRIM Special Committee will organise an Inter-parliamentary committee meeting with National Parliaments on Tuesday, 7 May 2013 This meeting is intended to discuss the role of National Parliaments in the fight against organised crime,corruption and money laundering. In order to feed this debate, and to… read more
Mar 22, 2013

Conference on Money Laundering and Terrorist Financing

European Commission - Press release Brussels, 15 March 2013 Conference on Money Laundering and Terrorist Financing Speech of Cecilia Malmström, EU Commissioner for Home Affairs "Anti-money laundering as part of the fight against organised crime" The Commission is working on several initiatives for the coming… read more
Feb 27, 2013

Anti-Money Laundering: Stronger rules to respond to new threats

European Commission - Press release Brussels, 5 February 2013 The Commission has today adopted two proposals to reinforce the EU's existing rules on anti-money laundering and fund transfers. The threats associated with money laundering and terrorist financing are constantly evolving, which requires regular… read more

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