EU’s upcoming AML strategy should look to effective implementation of existing law, say experts

By Sara Lewis, in Brussels

The European Union (EU) needs to step up enforcement of its anti-money laundering legislation, not just the fourth and fifth directives (MLD 4 and 5) but earlier provisions from MLD3 that are still not being applied in the member states, according to speakers at a 19 February [2020] breakfast event on ‘Money laundering and financial crime,’ staged at the European Parliament in Brussels.