What is the 6th Anti-Money Laundering Directive (6AMLD)?
To be implemented by 3 December 2020, the Sixth Anti-Money Laundering Directive (AMLD6), was published on 12 November 2018, only four months after the 5AMLD came into force. It is intended to extend and reinforce the previous AMLDs by:
Providing a comprehensive definition of money laundering and predicate money laundering offences.
Establishing common rules for identifying ML activities across the EU, and requiring staff to be trained on how to recognise them.
Including aiding, and attempting to commit, money laundering as an offence.
Extending criminal liability for money laundering to legal persons and persons in certain positions of authority.
Increasing minimum sentences, and allowing additional penalties/sanctions, for money laundering offences.
Introducing aggravating circumstances, such as connections to a criminal organisation or offences related to the exercise of certain professional activities, to aid identification of accomplices of the money laundering process.