Welcome to the website dedicated to the fourth, fifth and sixth AML directive and IT solutions in Compliance, AML / CFT and Risk Management.
We discuss ways to implement the provisions of the Fourth Directive of the European Parliament and the Council of Europe No. 2015/849 of May 20, 2015 (AML4) and the requirements of the Polish Anti-Money Laundering and Terrorism Financing Act of 1 March 2018 (Journal of Laws 2018, item. 723)
The blog covers the following topics:
- Implementation of risk analysis procedures by the Relevant Persons / Obligated Institutions
- Customer Due diligence (CDD)
- Know Your Customer (KYC)
- The range of available IT tools allowing to streamline AML processes.
- Analysis of related transactions
- Searching for the actual beneficiary (UBO)
- PEP tools (People on prominent political positions and RCA – families and close associates)
- The role of AI in anti-fraud systems – advantages & threats
- Fifth AML Directive (AMLD5) of 30 May 2018
- UK , EU and US Sanction screening
- Sixth AML Directive (AMLD6) of 28 October 2018
All AML EU Directives summary
| Directive Number | Official Number | Key Details | Date of Implementation End |
|---|---|---|---|
| AMLD 4 | Directive (EU) 2015/849 | Strengthened the EU’s AML framework, introduced risk-based approach, and enhanced transparency of beneficial ownership. | June 26, 2017 |
| AMLD 5 | Directive (EU) 2018/843 | Expanded the scope to include virtual currencies, prepaid cards, and enhanced cooperation between Financial Intelligence Units (FIUs). | January 10, 2020 |
| AMLD 6 (Criminal) | Directive (EU) 2018/1673 | Focused on harmonizing the definition of money laundering offenses and increasing penalties for money laundering crimes. | December 3, 2020 |
| AMLD 6 (Official) | Directive (EU) 2024/1640 | Further strengthened mechanisms to prevent money laundering and terrorist financing, including enhanced due diligence measures and improved cooperation between member states. | July 10, 2027 |
Main EU Sanction regulations published in the EU Official Journal (worth monitoring)
| Regime | Primary legal act | EUR-Lex link | Main measures |
|---|---|---|---|
| Russia / Ukraine (sectoral) | Regulation (EU) No 833/2014 | CELEX:32014R0833 | Export/import bans, financial, technology and transport restrictions |
| Ukraine (individual) | Regulation (EU) No 269/2014 | CELEX:32014R0269 | Asset freeze + prohibition on making funds available |
| Ukraine (territorial integrity) | Decision 2014/145/CFSP | CELEX:32014D0145 | Asset freeze + travel ban |
| Iran (nuclear-related) | Regulation (EU) No 267/2012 | CELEX:32012R0267 | Asset freezes, dual-use controls, sectoral measures |
| Belarus | Regulation (EC) No 765/2006 | CELEX:32006R0765 | Asset freezes + sectoral restrictions |
| Democratic Republic of the Congo | Regulation (EC) No 1183/2005 | CELEX:32005R1183 | Asset freezes + arms embargo |
| Global human rights | Decision (CFSP) 2020/1999 | CELEX:32020D1999 | Asset freezes + travel bans |