|Author (Person)||Rocha, Frederico|
|Author (Corporate)||Cardiff EDC|
|Content Type||Blog, News, Overview, Policy-making|
Information Guide concerning a legislative package launched by the European Commission in July 2021 aimed at addressing money laundering and the financing of terrorism.
The European Commission presented on 20 July 2021 a package of legislative proposals aimed at strengthening the European Union's anti-money laundering and countering the financing of terrorism (AML/CFT) rules. This was seen as part of a commitment to protect citizens and the financial system from these events. The aim was to improve the detection of suspicious transactions and activities, and close loopholes used by criminals to launder illicit proceeds or finance terrorist activities through the financial system.
The package includes four legislative initiatives:
|Subject Categories||Economic and Financial Affairs, Justice and Home Affairs|
|Subject Tags||Financial Services, Organised Crime, Police | Judicial Cooperation, Terrorism|
|Keywords||Cryptoassets | Cryptocurrencies, Money Laundering, Terrorist Financing
|International Organisations||European Union [EU]|