A NEW DIRECTIVE OF THE EUROPEAN UNION RELATING TO COMBATING MONEY LAUNDERING HAS ENTERED INTO FORCE ON 03 JULY 2017.

A new directive of the European Union relating to fighting money laundering, tax evasion and terrorism financing has entered into force on 03 July 2017, hardening the current legislation, this being one of the priorities of the Commission of the European Communities.
The Directive enables a more efficient fight against money laundering and terrorism financing and, at the same time, improves the transparency in order to prevent tax evasion.
The entry into force shall take place in the context of discussions with the European Parliament and European Council with regard to the consolidation of the measures to strengthen the directive, already in an advanced state.

Issued by: European Parliament

Date: 29.06.2017