The new EU AML-CFT package

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A new anti-money laundering and counter terrorism financing (“AML-CFT”) package was published by the European Commission on Tuesday 20 July 2021

Link to package here_

This package aims to further enhance the existing EU AML-CFT framework by taking into account new and emerging challenges linked to technological innovation (including virtual currencies, more integrated financial flows in the Single Market and the global nature of terrorist organisations). It also aims to harmonise this framework.

The package is composed of the following legislative proposals:  

The legislative package will now be discussed by the European Parliament and Council. These texts will, at least to some extent, affect Luxembourg’s current AML-CFT framework.

Specific newsflashes for each new text will follow soon!

Download the press release

Luxembourg Newsflash – The new EU AML-CFT package

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