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European Parliament Adopts New EU Rules to Combat Money-Laundering Including Direct and Free Access to Beneficial Ownership Information

26 April 2024

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Proposed Changes

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European Union

The European Parliament has announced the adoption of a package of laws strengthening the EU's toolkit to fight money-laundering and terrorist financing, including, among other things, direct and free access to beneficial ownership information held in national registries. The laws must be formally adopted by the Council and published in the Official Journal of the EU before entering into force. --- New EU rules to combat money-laundering adopted Authorities, journalists, civil society organisations, to gain access to new registers, information sources EU limit on large cash payments up to EUR 10 000 Due diligence rules to apply to football clubs...