Fourth Anti-Money Laundering Directive (AMLD4)
This Directive aims to prevent the use of the financial system for the purposes of money laundering and terrorist financing, and to protect the integrity, stability and reputation of the Union's financial system. This Directive applies to credit institutions, financial institutions and professionals engaged in financial services (including auditors, lawyers, estate agents, providers of gambling services, etc.), and requires them to apply customer due diligence, suspicious transaction reporting, disclosure of beneficial ownership information, internal controls and other measures in order to effectively prevent money laundering and terrorist financing.
Timeline
- 25 Jun 2015Entry into force
- 26 Jun 2017Implementation of customer due diligence measures
- 26 Jun 2017Publication of guidelines by the European Supervisory Authorities
- 26 Jun 2017AuthoritiesUnion-level risk assessment report
- 26 Jun 2017AuthoritiesUpdate of Member State risk assessments
- 26 Jun 2017AuthoritiesImplementation in Member State national law
- 10 Jan 2020Deadline for setting up central registers of beneficial ownership of companies and other legal entities (Article 67(1))
- 10 Mar 2020Deadline for setting up central registers of beneficial ownership of trusts (Article 67(1))
- 10 Mar 2021AuthoritiesThe Commission to ensure the interconnection of central registers (Article 67(1))
- 11 Jan 2022AuthoritiesFirst Commission report on the implementation of the Directive (Article 65(1))
- 10 Jul 2027This Directive is repealed by Dir (EU) 2024/1640 (Article 77 of Dir (EU) 2024/1640)
Key facts
- Reference
- Directive (EU) 2015/849
- Adopted
- 20 May 2015
- Published
- 5 Jun 2015
- Status
- In force
- Amendments
- Replaced the framework of Dir 2005/60/EC; subsequently amended by Dir (EU) 2018/843 (AMLD5), which also amended the original deadlines for the report on the interconnection of central registers and for the implementation report. This Directive will be repealed by Dir (EU) 2024/1640 (AMLD6) with effect from 10 July 2027 (Article 77); its provisions will be replaced by Reg (EU) 2024/1624 (AMLR, which applies in principle from the same date) and AMLD6.
- Topic
- ESG & Governance
- Industries
- Cross-sector, Financial Services
Main compliance requirements
Paid members only
The main compliance requirements, applicability questions and penalties are available in the ZC Smart Compliance Hub. Paid members and clients can sign in to the Hub to view them.
Related legislation
- Repeals and replaces Directive 2005/60/EC and Commission Directive 2006/70/EC
- amends Regulation (EU) No 648/2012
Official sources
Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing