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

UpdateTax Policy

19 July 2019

BlogWhat has the EU achieved so far on tax?

19 July 2019

UpdateAudit Policy

12 July 2019

Consultation responseSir Donald Brydon’s Independent Review into the Quality and Effectiveness of Audit

10 July 2019

UpdateTax Policy

5 July 2019

UpdateSustainable Finance

27 June 2019

UpdateTax Policy

21 June 2019

UpdateSME

20 June 2019

UpdateTechnology

17 June 2019

UpdateAudit Policy

11 June 2019

UpdateTax Policy

7 June 2019

InterviewThe new trend in town? Corporate tax transparency

27 May 2019

UpdateTax Policy

24 May 2019

UpdateTax Policy

13 May 2019

Update SME

6 May 2019

UpdateAudit Policy

3 May 2019

NewsWhy should I care about accountants?

2 May 2019

PublicationSimplifying withholding tax procedures

2 May 2019

UpdateTax Policy

26 April 2019

Blog7 ways accountants can help companies get more sustainable

24 April 2019

Sign up for our newsletter