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By Yves VEISEMBURGER, Vice-President Expert in charge of Banking activities at CGI in Luxembourg
By July 2027, the structure of anti-money laundering regulation and supervision in Europe will be materially different. AML requirements that were previously established through EU directives and implemented through national legislation will increasingly be governed by an EU-wide regulation that applies directly to all Member States. At the same time, a new EU-level AML supervisor has been created with the power to directly supervise and take enforcement action against selected high-risk, cross-border financial institutions.
The significance of these changes goes beyond a further tightening of AML requirements. Directly applicable EU rules will...
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