Entering the Final Stretch:
Implementing the 4th EU Money Laundering Directive in National Law
Lawmakers in the EU are working hard on the implementation of the 4th EU Money Laundering Directive and the Funds Transfer Regulation in international law. In Germany, the Federal Finance Ministry’s draft bill is finished, the ratification of which is anticipated in the first half of 2017.
How can Financial Institutions prepare for the new Anti-Money-Laundering Laws in Time?
The new ACTICO White Paper summarizes the most important aspects of the 4th EU Money Laundering Directive. The practical portion provides information for the technical environment required for the implementation of the risk-based approach. This allows financial institutions to start planning measures for implementing the rules right now.
The Contents of the White Paper at a Glance:
Overview of the new anti-money laundering regulations
Risk-based monitoring of business relationships and transactions
Customer due diligence
Beneficial ownership information
Milestones for introducing the new regulations
Increasing technical requirements for the risk-based approach
Risk classification in the KYC profile
Checking customer data against sanctions lists entries
Monitoring financial transactions
Automated analyses based on business rules
Monitoring relationship networks
More information on Compliance topics