Accountancy Europe: The 5th Anti-Money Laundering Directive

22 June 2018

Accountants and auditors play an important role in keeping European citizens safe from money laundering and terrorist financing. Accountancy Europe´s factsheet highlights how their da-to-day work will be affected by the 5th EU Anti Money Laundry Directive.

The new Directive responds to public calls to counter terrorist financing and to address the lack of beneficial ownership transparency. Accountancy Europe set out how the legal requirements will change for accountants.

Most notably Accountancy Europe focuses on the Directive´s scope expansion, beneficial ownership and enhanced customer due diligence. To help accountants and professional accountancy institutes better understand the changes, Accountancy Europe included checklists for dealing with these revised requirements.

Full press release

Full factsheet

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