6AMLD: The 6th Anti-Money Laundering Directive

From the Anti-Money Laundering Directives, the 6 AMLD is the sixth installment and the most recent update from the European Union with key points including: 

  • Uniform treatment and collaboration among all EU member states for AML/CFT regulations 
  • An expanded range of formally defined crimes under Money Laundering, now including two new categories: cybercrime and environmental crime 
  • Broadening of accountability to encompass not only those who commit the crime but also those who facilitate it (e.g., aiding and abetting) 
  • Expansion of liability to ensure that both individuals and organizations can be held accountable 
  • Stricter penalties for violators, introducing a mandatory minimum prison sentence of 4 years (up from the previous 1 year sentence)

Other related terms:

Explore other KYC terminology in Avallone's KYC dictionary.