European Union: Money Laundering

It has been reported that the Lithuanian authorities have arrested a Polish national on suspicion of trying to export to Belarus the equivalent of €60,000 in physical currency in Polish zlotys and US dollars.

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The European Union has fundamentally restructured its anti-money laundering framework through a comprehensive legislative package that replaces fragmented national implementations with directly applicable regulations. This transformation introduces a new EU-wide supervisory authority, expands the scope of regulated entities, and establishes harmonized customer due diligence requirements across all member states.

The Central Bank of Ireland emphasizes the critical need for financial institutions to strengthen their anti-financial crime frameworks amid global instability, while European regulators advance new technical standards...

The Financial Intelligence Analysis Unit (FIAU) has issued updated Implementing Procedures Part I, introducing significant changes to beneficial ownership identification requirements and employee screening obligations. These amendments affect how subject persons must conduct due diligence on beneficial owners of trusts and legal arrangements, while also modifying the documentation requirements for employee vetting processes.

Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-asset sector.

The establishment of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) represents a structural transformation of the European Union's AML/CFT framework.

On 28 January 2026, Germany's national competent authority (NCA) the Federal Financial Supervisory Authority (BaFin) published its 2026 edition of BaFin's "Risks in Focus" (RiF)...

L'Autorité européenne de lutte contre le blanchiment de capitaux et le financement du terrorisme (AMLA) a entamé la préparation de la liste des entités qui seront soumises à sa supervision directe. A cette fin..