Essentially, the package represents a two-pronged approach to AML reform:
(i) establishing a new AML/CFT supervisor
(ii) creating a Single Rulebook for the application of AML/CFT rules across Member States
Later this month, we will be participating in a panel on AML (Freshly Laundered: Perspectives on AML) as part of ALG's Corporate Crime and Regulation Summit. As a taste of what to expect from our panel, Paula Reid, Kerill O'Shaughnessy and Chris Martin share some of their observations on the EU's AML Legislative Package in the following Soundbite.