The Spanish Presidency of the EU Council, whose term of office began on Saturday 1 July, will have to make progress on the ‘money laundering’ package, which includes a strengthened ‘AMLR’ regulation, the ‘AMLD6’ directive and the regulation establishing the European Anti-Money Laundering Authority (AMLA).
The purpose of the enhanced regulation is to harmonise the rules, particularly on customer due diligence, beneficial ownership and the powers and duties of supervisory...