Developments in European Money Laundering

Joydeep Sengupta joins leading lawyers across several European jurisdictions to discuss recent developments in anti-money laundering in Europe, including the recent enactment of new laws, the establishment of a pan-European anti-money laundering authority, evolving best practices in AML compliance, as well as trends in enforcement actions in Europe.

Mr. Sengupta notes, “The fight against money laundering in Europe is expected to strengthen considerably, especially in light of recent developments involving economic sanctions targeting financial transactions and assets relating to Russian oligarchs and Russian PEPs. The luxury real estate sector, investment-based “golden visa schemes” the art and cryptocurrency worlds are all expected to face increased AML scrutiny in light of sanctions against Russia.”