The European Commission adopted a proposal on 5 July 2016 that brings in new controversial measures to amend the Fourth Anti-Money Laundering Directive, (“4MLD”) not least bringing the proposed transposition date forward to the end of 2016. 4MLD was adopted on 20 May 2015 as part of EU efforts to combat the laundering of money from criminal activities and to prevent the financing of terrorist activities, in recognition of the fact that funds can be hidden and moved across the world with increasing ease.

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