World Finance Informs

The European Union's new anti money laundering framework is moving from legislative design toward detailed implementation, with technical standards becoming an important part of how firms will interpret and apply the new requirements. Regulation (EU) 2024/1624 establishes the core AML and counter terrorist financing obligations, while the Authority for Anti Money Laundering and Countering the Financing of Terrorism is developing regulatory and implementing technical standards that provide greater detail on how those obligations should operate. This makes AML regulatory technical standards particularly important for compliance teams preparing for the new framework. Broad legislative requirements often need more precise rules before...