Peters & Peters

Partner Anna Bradshaw discusses plans to reform the EU’s AML regime in

The European Commission’s assessment of the money laundering risks arising in the European Union and proposals for strengthening Anti-Money Laundering rules includes eliminating differences in their application and supervision by Member States, as well as potentially also conferring enforcement powers on an EU-level agency to ensure compliance. Partner Anna Bradshaw says, “Whatever form it takes, a shift from EU-wide directive to EU-wide regulation would dramatically alter the bloc’s approach towards financial crime. There’s a significant amount of discretion inherent in a directive, there are various crucial points at which member states typically diverge, and financial services are not a homogenous group across the EU.” Read more.