Response to European Commission Consultation: Action plan for a policy on preventing money laundering: 26 August 2020

On 7 May 2020, the European Commission adopted a six-point action plan for a comprehensive E.U.-wide policy on preventing money laundering and terrorism financing (the “Action Plan”).  The Action Plan is aimed at harmonising, in particular, rules imposed by Member States at the national level to address money laundering risks which may have a broader impact across the E.U.  To achieve that objective, the Action Plan will revise the existing E.U. anti-money laundering and terrorism financing framework.

The European Commission has launched a public consultation to gather stakeholder views on the possible enhancements to the E.U. anti-money laundering/countering the financing of terrorism framework.  The FMLC has submitted a response.  The letter appended to the consultation questionnaire can be accessed below.

Available at: PDF.