Main page > About the company > News and mailing > Jurisdictions news > Anti-money laundering in the EU

Anti-money laundering in the EU


On June 7th, 2018 the Council of Europe has adopted the additional norms to the Directive on the prevention of the financial system using for the purposes of money laundering or terrorist financing.

The introduced provisions of the Directive imply rules for establishment of crimes and penalties for money laundering. The barriers to judicial and police cooperation will be removed by improving crime investigation methods. The EU standards will be brought into line with the Council of Europe Convention on Laundering, Detection, Seizure and Confiscation of the Proceeds from crime and the financing of terrorism 2005 (Warsaw Convention).

The maximum penalty is imprisonment for up to 4 years for individuals and the sanctions for legal persons.

The additional measures can be imposed on offenders at the court’s discretion.

On materials of the following website:

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us:


04/01/2019 11:45:00

The registry of beneficiaries in Cyprus will be introduced on January 1st, 2020

 Since January 1st, 2020, a register of final beneficiaries w ...

Read more

03/22/2019 11:42:00

Global Forum on the definition of beneficial owners

On March 20th, in the framework of the OECD Global Forum together ...

Read more

03/18/2019 11:41:00

Did the exchange with the UK stop?

On March 15th, 2019 Great Britain excluded Russia from the list of ...

Read more