Changing up into Fifth

Timon Molloy (timon.molloy@informa.com), Editor

The push to agree amendments to the Fourth EU Money Laundering Directive (4MLD), aka the Fifth Directive (5MLD), passed one milestone on 28 October, with publication of a compromise text from the Council of Ministers [1], and a second on 7 November when two Committees of the European Parliament – Economic and Monetary Affairs, and Civil Liberties, Justice and Home Affairs – jointly issued their draft report [2]. Maintaining the momentum, a week later, on 14 November, the Council issued a second presidency compromise text. [3]