EPIF position on the proposed 4th Anti-Money Laundering Directive

EPIF welcomes the publication of proposals for the 4 th Anti-Money Laundering Directive (4AMLD). AML rules need to be calibrated to reflect the reality of PI’s operating models.

EPIF would like to take the opportunity to identify some key areas that EPIF believes the 4AMLD should seek  to  address  but  currently  does  not.  This  includes,  amongst  other  things,  the  legislative  method applied  (minimum  harmonisation  as  opposed  to  maximum  harmonization),  risk  based  approach, customer due diligence measures, approach towards non face to face (online) transactions and data protection issues.

Published on: 05/05/2013
2017-07-13T12:01:23+00:00