The Fourth EU Anti-Money Laundering Directive

Impact on investment funds

PATRICIA TAYLOR, PARTNER, WILLIAM FRY

The Fourth EU Anti-Money Laundering Directive (EU 2015/849) (AMLD4), which came into force on 26 June 2015, will replace the Third Anti-Money Laundering Directive (2005/60/EC) and must be transposed into the national law of member states by 26 June 2017. On 5 July 2016, in response to terrorist attacks in Europe in 2015/2016 and the leak of the Panama papers, the European Commission (Commission) published proposals to amend AMLD4 including bringing the transposition date forward to 1 January 2017....

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