On 26 June 2017, the Fourth EU Anti-Money Laundering Directive (Directive (EU) 2015/849) entered into force. As provided in the press release from the European Commission, the Fourth Anti-Money Laundering reinforces the existing rules by introducing the following changes:
- Reinforcing the risk assessment obligation for banks, lawyers, and accountants;
- Setting clear transparency requirements about beneficial ownership for companies, which will be stored in a central register, such as commercia…