Negotiators from the EU Council and the European Parliament met, on Monday 23 October, to make progress on the strengthened ‘AMLR’ regulation (see EUROPE B13151A15). According to a parliamentary source contacted by EUROPE the following day, “good progress was made”.
Four topics were discussed: high-risk third countries, high-net-worth individuals, politically exposed persons and offshore territories.
With regard to high-risk countries, both parties have defined their positions. Prior...