Publication

22 June 2018

The 5th Anti-Money Laundering Directive What changes for accountants?

Accountants and auditors play an important role in keeping European citizens safe from money laundering and terrorist financing. This factsheet highlights how their day-to-day work will be affected by the 5th EU Anti Money Laundry Directive (AMLD).

The new Directive responds to public calls to counter terrorist financing and to address the lack of beneficial ownership transparency. We set out how the legal requirements will change for accountants.

Most notably we focus on the Directive’s scope expansion, beneficial ownership and enhanced customer due diligence. To help accountants and professional accountancy institutes better understand the changes, we included checklists for dealing with these revised requirements.

See also our SME Infopack on how these new rules impact on every aspect of SME accountants’ daily activities (link below)

Related content

PublicationPreventing money laundering and terrorist financing

22 June 2018

NewsEC Review of the Third AML Directive – proposed Fourth AML Directive

29 March 2014

UpdateTax Policy

12 November 2018

UpdateTechnology

8 November 2018

Consultation responseEC’s consultation on Better Regulation

7 November 2018

UpdateTax Policy

29 October 2018

UpdateTax Policy

16 October 2018

EventGovernance and fighting fraud and financial crime in the Digital Era

15 October 2018

BlogSustainable finance: what’s it got to do with accountants?

10 October 2018

UpdateTechnology

3 October 2018

UpdateCapital Markets Union

3 October 2018

UpdateTax Policy

1 October 2018

UpdateTax Policy

17 September 2018

UpdateCapital Markets Union

31 August 2018

UpdateTax Policy

31 August 2018

In the mediaRetaining trust in corporate governance

15 August 2018

UpdateTax Policy

6 August 2018

UpdateCapital Markets Union

2 August 2018

Consultation responseEC’s proposal for amending the Directive on cross-border conversions, mergers and divisions

1 August 2018

UpdateTechnology

30 July 2018

UpdateTax Policy

20 July 2018

Consultation responseEC’s Fitness check on the EU framework for public reporting by companies

16 July 2018

Sign up for our newsletter