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

Publication10 Most popular publications of 2018

11 December 2018

PublicationPreventing money laundering and terrorist financing

22 June 2018

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

29 March 2014

UpdateSME Update

17 January 2020

UpdateTax Policy

10 January 2020

UpdateAudit Policy

8 January 2020

PublicationIndependent assurance on the European Single Electronic Format

19 December 2019

PublicationAuditors’ role in anti-money laundering

17 December 2019

UpdateSustainable Finance

17 December 2019

NewsAccountancy profession is ready to advance the EU’s Green Deal

17 December 2019

UpdateAudit Policy

11 December 2019

Publication10 most popular webpages of 2019

10 December 2019

UpdateTax Policy

6 December 2019

UpdateSME Update

5 December 2019

UpdateTechnology

3 December 2019

NewsDigital Day 2019 – Interviews

29 November 2019

UpdateTax Policy

22 November 2019

UpdateTax Policy

12 November 2019

UpdateSME

6 November 2019

UpdateAudit Policy

5 November 2019

PublicationFocus area: Tax

28 October 2019

UpdateTax Policy

25 October 2019

UpdateSustainable Finance

22 October 2019

Sign up for our newsletter