AmCham EU is a strong advocate for a robust framework within the European Union on anti-money laundering and countering the financing of terrorism (AML/CFT). Recent years have highlighted the need for further policy reforms to address weaknesses in regulatory requirements and policy harmonisation. Therefore, AmCham EU welcomes the measures proposed in the European Commission’s ambitious legislative package enhancing the robustness of the existing framework and the protection of the EU’s financial system as well as EU citizens from illicit activities.
In our paper, we outline recommendations on: