Third AML draft released
Brussels -- The EU Commission published a draft text of the third money laundering directive in late June. The new directive text, which the Dutch presidency is aiming to finalise before the end of the year, incorporates the Financial Action Task Force’s revised 40 Recommendations.
“The fight against money laundering and terrorist financing is a top political priority for the Commission,” internal market commissioner Frits Bolkestein said in a statement. “The June 2003 revision of the Forty Recommendations of the Financial Action Task Force (FATF) has strengthened the world anti-money laundering standard and extended the rules to cover the financing of terrorism. The EU
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