State of play: published in the Official Journal (L 156/43 (19 June 2018) and L 284/22 (12 November 2018))
Level 1
Commission
- 5 July 2016, the Commission published a proposal to amend the fourth Anti-Money Laundering Directive.
- 12 September 2018, the Commission proposed to strengthen the EBA’s powers on anti-money laundering.
- 13 February 2019, the Commission adopted a new list of third countries with anti-money laundering and terrorist financing regimes.
- 24 July 2019, the Commission published a Communication and four reports on the fight against money laundering and terrorist financing.
Council
- 12 July 2016, the ECOFIN Council held a debate on anti-money laundering.
- 4 December 2018, the Council adopted the conclusions on an AML action plan for enhanced monitoring.
- 19 December 2018, the Council agreed on the amended proposal to reinforce the EBA’s powers on AML.
- 14 May 2018, the Council formally adopted the fifth AML Directive.
Parliament
- 28 February 2017, the ECON and LIBE Committees adopted the draft report on the AML revision.
- 19 April 2018, the Parliament adopted the fifth AML Directive in plenary.
Trilogue negotiations
- 20 December 2016, the Council agreed its negotiating position on the proposal.
- 14 March 2017, the Parliament confirmed the mandate for negotiations.
- 13 December 2017, the Council and the Parliament reached an agreement on the proposal.
- 29 January 2018, the ECON and LIBE Committees approved the text resulting from trilogue negotiations.
Level 2
- 31 January 2019, the Commission adopted a delegated regulation on money laundering and terrorist financing risk in certain third countries
Level 3
- 26 June 2017, the ESAs published their final guidelines on AML.
- 8 November 2018, the ESAs launched a public consultation on draft guidelines on the cooperation and information exchange for the purpose of AML/CFT supervision.
- 24 July 2019, the EBA published an opinion on the link between money laundering and terrorist financing concerns and prudential objectives.
- 4 October 2019, the ESAs published their second joint opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the EU’s financial sector.
- 16 December 2019, the ESAs published a final report on joint guidelines on cooperation and information exchange, establishing colleges of AML/CFT supervisors to ensure effective cooperation and information exchange between competent authorities.
- 5 February 2020, the EBA issued a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors guidelines as part of a broader communication on AML/CFT issues.
- 5 February 2020, the EBA published its first report on competent authorities’ approaches to the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision of banks, as part of its new role.
- 12 May 2020, the EBA published the results of its inquiry into dividend arbitrage schemes, which looked into the actions of prudential and AML/CFT supervisors in dealing with such schemes.
- 4 November 2020, the EBA published an opinion on prudential supervision and AML.
- 1 March 2021, the EBA has published its final guidelines on ML/TF risk factors.
- 3 March 2021, the EBA has published an opinion on risks of money laundering and terrorist financing affecting the European Union’s financial sector.
- 17 March 2021, the EBA has launched a public consultation on changes to guidelines on Risk-based AML/CFT supervision.
Next steps
- The Commission is calling for a transformation of the directive into a regulation to ensure better harmonisation of national legislations.
