Fifth Anti-Money Laundering Directive (5AMLD)

09 decembrie 2018

Almost 70 percent of money laundering and terrorist financing flows through legitimate financial institutions. Yet the United Nations Office on Drugs and Crime estimates that less than 1 percent of the global trade is seized and frozen.

The main changes, among others, in 5AMLD are as follows :
• Extended scope of obliged entities : virtual currencies and pre-paid instruments.
• Wider access to beneficial ownership information.
• Customer due diligence: with a risk-based approach, obliged entities, must “right-size” their customer due diligence based on the level of risk.