09/07/2018 (Agence Europe) – The fifth anti-money laundering directive, which was proposed by the Commission in July 2016, entered into force on Monday 9 July. Readers may recall that the Council of the EU and the European Parliament reached agreement on the text on 16 December 2017 (see EUROPE 11927). The new rules tighten up controls over certain means of payment that can be used for terrorist purposes and extend access to information on the beneficial ownership and ownership of...