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