The 6th Anti Money Laundering Directive: What’s changing? | The Future of Payments in 100 Seconds

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What would have happened to Westpac or the BCCI if the 6th Anti-Money Laundering Directive (6AMLD) were already in place?

In this video, Mike Truter, partner at RedCompass, takes us on a 100 secs journey to look at the why, how and so what of the 6th Anti-Money Laundering Directive, arguably the toughest measures the EU has ever put forward to deter money laundering. The 6th Anti-Money Laundering Directive, or 6AMLD, which will be written into national laws across the EU by December 2020, goes to the heart of AML by harmonising offences and toughening the punishments for laundering.

But what does it specifically entail? Are banks ready for it? And what will happen in the UK?

Read more at: https://blog.redcompass.com/6amld-the...

Download the 6AMLD PDF file: https://eur-lex.europa.eu/legal-conte...

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