The European Union recently implemented the sixth Anti-Money Laundering Directive. This directive, called AMLD6, includes a more specific criminal law definition of what is meant by money laundering and promotes European cooperation in the fight against money laundering.
Implementing these changes in laws and regulations in your company processes can cost you a lot of time and money. However, being and staying compliant is of great importance. If during a regulatory audit it appears that your work processes are not adapted to AMLD6, the consequences can be much greater.
In 2020, fines ran into the billions. You must make sure you have the right information so that you are well prepared.
Check out the infographic for a step-by-step approach to AMLD6:
- How should you get started?
- What can’t you miss out on?
- What do you have to pay attention to?