It looks as if the final stage of the proposal for the 4th European Anti-Money Laundering Directive (Proposal for a directive of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing) is near now.
According to a note from the presidency of the Council of the European Union to the Permanent Representatives Committee of 2 December 2014 there is already a very broad convergence of views between the Council and the European Parliament, on the delineation of the final political agreement for the AML package. The last trilogue is scheduled today, the 16th December 2014.
A Dutch member of the EU Parliament Judith Sargentini is one of the rapporteurs of the EU Parliament on this proposal. In an article on the site of her political party of 15 December 2014 the trilogue of today is mentioned and some information regarding the proposal is given.
When the proposal is accepted, it will cause important changes in the anti-money laundering and anti-terrorist financing legislation in all EU countries.
Status of the proposal for the 4th European Anti-Money Laundering Directive
In the note from the presidency of the Council of the European Union, the following is said:
1. The above-mentioned Commission proposal was transmitted to the Council on 7 February 2013, together with the proposal for a Regulation of the European Parliament and the Council on information accompanying transfers of funds (AML Regulation). Its main objective is to further strengthen the EU’s system for prevention of money laundering and terrorist financing, by bringing it in line with the Recommendations issued by the Financial Action Task Force (FATF) of February 2012, thus ensuring the soundness, integrity and stability of the financial system.
2. In its Conclusions of 22 May 2013, the European Council called for rapid progress and, inter alia , stated that the “revision of the third Anti-Money Laundering Directive should be adopted by the end of the year”.
3. On 18 June 2014, Coreper adopted a general approach, as set out in doc. 10970/14. Since October 2014, the Presidency has engaged in trilogue negotiations with the European Parliament on the AML Directive and Regulation with a view to possible agreement at early second reading.
4. As a result of the negotiations to date, the Presidency considers that, save on the open issues which are further outlined in this note and on which it is seeking a final negotiation mandate from Coreper, there is already a very broad convergence of views between the Council and the European Parliament, on the delineation of the final political agreement for the AML package (the last trilogue is scheduled on 16 th December 2014).
5. The Presidency has identified the key open issues set out below on which, for a successful conclusion of trilogue negotiations, agreement on an updated mandate is necessary. The suggested mandate for each of those issues is set out below.
Source: Note from the presidency of the Council of the European Union to the Permanent Representatives Committee of 2 December 2014, chapter I, introduction.
More information
- Article on the site of the political party of Judith Sargentini ‘Sargentini onderhandelt over Europese anti-witwaswetgeving: Vier veelgestelde vragen‘ (in Dutch)
- Note from the presidency of the Council of the European Union to the Permanent Representatives Committee of 2 December 2014 (Europa-nu): html, pdf
- Procedure file European Parliament
- EurLex procedure file
- Page on my general blog on the proposal for the 4th European Anti-Money Laundering Directive (mostly in Dutch)
Compliance Platform Trustkantoren 
Geef een reactie