AML executives ponder third directive

London – Anti-money laundering executives at both banks and trade associations are now examining the proposed EU third money laundering directive, which was published by the EU Commission at the end of June.

Although, in general, most industry executives welcome the new risk-based approach to fighting money laundering and terrorism financing, there are some points that the British Bankers Association (BBA) will raise with the EU Commission. The first of these is the difficulty of identifying and verifying the "beneficial owner" of companies. In the new directive, banks and other firms must "identify where applicable, the beneficial owner and take reasonable measures to verify the identity of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here