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

Anti-money laundering in the EU


				08.06.2018
						

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: http://www.consilium.europa.eu/en/press/press-releases/2018/06/07/eu-agrees-new-rules-to-make-sure-money-laundering-criminals-are-punished/

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: london@hbcomp.co.uk


News

07/09/2019 13:19:00

Croatia enters the Eurozone

On July 4th, 2019, Croatia notified the EU of its intention to joi ...

Read more

07/05/2019 18:05:00

OECD produces international system of information disclosure for the purposes of the CRS

On 27th June the OECD published administrative and operational m ...

Read more

07/03/2019 13:40:00

The companies can be compulsory liquidated in Latvia

According to the Law “On combating money laundering and financing ...

Read more