Adoption of the AML package by the European Parliament
In July 2021, the European Commission presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and Countering the financing of terrorism rules which became commonly known as “the AML Package”. After more than two years of negotiations, the AML package was adopted by the European Parliament on 24 April 2024.
The AML Package consists of three legislative instruments namely the sixth Anti-Money Laundering Directive (AMLD 6), the EU Single Rulebook Regulation (AMLR) and the Anti-Money Laundering Authority Regulation (AMLAR).
It shall be noted that the recast of the Transfer of Funds Regulation which was part of the initial AML Package was uncoupled from the rest of the AML Package and already adopted in June 2023.
Once the legislative instruments are formally adopted by the Council and published in the Official Journal of the European Union, the CSSF will provide more details on the changes that the AML package will lead to.
Please find the press release of the European Parliament below: