EU Criminalize Money Laundering

On Nov. 12, 2018, EU issued its final directive on criminalizing money laundering.

  • And regulation on controls on cash entering/leaving EU, repealing reg 1889/2005.
  • Regulation and directive in force on 20th day following issue in OJ, Dec. 2, 2018.
  • Regulation will apply from Jun. 3, 2021, but article 16 applies from Dec. 2, 2018.
  • Art. 16 covers EC authority to adopt implementing acts on templates and criteria.