EC Review of the Third AML Directive – proposed Fourth AML Directive

The Third Anti-Money Laundering (AML) Directive sets out a framework which is designed to protect the financial system against the risks of money laundering and terrorist financing and is to a large extent based on international standards adopted by the Financial Action Task Force (FATF).

Further to the publication of a revised set of international standards on 16 February 2012, the Commission committed itself to rapidly updating the EU legislative framework to incorporate the necessary changes.

The Commission has undertaken a comprehensive review of the Third AML Directive and proposed the Fourth AML Directive. FEE has contributed at all stages.

FEE Survey on European and National Legislation and Guidance on the Prevention of Money Laundering and Terrorist Financing, July 2009

FEE comment letter on Review of the Third Anti-Money Laundering Directive, September 2011

EC Report on the application of the Third AML Directive, April 2012

FEE comment letter on the EC Report on the application of the Third AML Directive, June 2012

Proposed Fourth AML Directive, February 2013

FEE comment letter on the EC’s proposal on the Fourth Anti-Money Laundering Directive, March 2013

FEE comment letter on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, September 2013

FEE comment letter on proposed amendments to the EC’s proposal for a directive on the prevention of the use of the financial system for the purpose of money-laundering and terrorist-financing, November 2013

FEE Article in The Parliament Magazine, February 2014 (on page 15)

EC website Financial Crime