No EUphemisms - Fourth Directive findings

Pushing seven years since the European Union's fourth anti-money laundering directive (2015/849) took effect - on 26 June 2017 - it is reasonable to ask how the legislation is working. The Council of Europe (CoE) did so; its 'Assessment of the Concrete Implementation and Effective Application' of 4AMLD, published on 22 March [2024], summarises 37 months of study. Although the CoE recognises that "significant" work has been undertaken, whether, as it claims, "effectively addressing ML and TF has become one of [member states'] key priorities" is open to massive doubt after reading the report.

Pushing seven years since the European Union's fourth anti-money laundering directive (2015/849) took effect - on 26 June 2017 - it is reasonable to ask how the legislation is working. The Council of Europe (CoE) did so; its 'Assessment of the Concrete Implementation and Effective Application' of 4AMLD [1], published on 22 March [2024], summarises 37 months of study. Although the CoE recognises that "significant" work has been undertaken, whether, as it claims, "effectively addressing ML and TF has become one of [member states'] key priorities" is open to massive doubt after reading the report.