Free Know Your Business Check

Conducting a company search is easy to do and can help provide valuable insight into the company you may be looking to conduct business with. A company check provides information such as the company ABN and ACN, date of company registration, as well as the status of the company registration. A simple company check can help gauge the reputation of the company and can help prevent disruptions and embarrassment to your business in the future.

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.