The implementation of the new European Union's Fourth Money Laundering Directive (EU4MLD) came into force in June 2017 and affects a number of businesses across industries including:
- Real Estate
- Banking & Finance
- Credit Institutions
- Legal Professionals
- Auditors, Accountancy & Tax Advisors
- Gambling Services
With an increased focus on on-going monitoring and evidencing sufficient customer due diligence, electronic AML checks are becoming more favourable to businesses in managing their compliance.