New European Legislation on Anti-Money Laundering

The European Commission has presented a new set of legislative proposals to strengthen the European Union’s anti-money laundering and countering terrorism financing (AML/CFT) rules. This proposal is scheduled for implementation in 2026. A new European supervisor, the AML Authority, will be introduced and a single rulebook will be created. The present AML Directive will be replaced by a new Directive and the regulation on crypto assets will be revised. The main changes resulting from this proposal in France, Germany, Italy, the Netherlands, Portugal, Spain and the United Kingdom will be discussed.