Money Laundering Criminalisation Directive
This Directive aims to establish minimum rules across EU Member States on the definition of criminal offences and sanctions in the area of money laundering. It combats money laundering by means of criminal law, complementing and reinforcing the application of Directive 2015/849, in order to prevent money laundering, terrorist financing and organised crime from damaging the integrity, stability and reputation of the financial sector, and to promote cross-border cooperation and consistent enforcement among Member States.
Timeline
- 2 Dec 2018Entry into force
- 3 Dec 2020Deadline for transposition into national law
- 3 Dec 2022AuthoritiesDeadline for the Commission's evaluation report (Member States' compliance)
- 3 Dec 2023AuthoritiesDeadline for the Commission's evaluation report (added value and impact on fundamental rights)
Key facts
- Reference
- Directive (EU) 2018/1673
- Adopted
- 23 Oct 2018
- Published
- 12 Nov 2018
- Status
- In force
- 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
- Based on Directive 2015/849
- repeals and replaces Framework Decision 2001/500/JHA
- builds on Directive 2014/42/EU, Directive 2017/1371, Directive 2017/541, Directive 2011/36/EU, Directive 2011/93/EU, Framework Decision 2004/757/JHA, Framework Decision 2003/568/JHA, Framework Decision 2001/413/JHA, Directive 2014/62/EU, Directive 2008/99/EC, Directive 2009/123/EC, Directive 2014/57/EU, Directive 2013/40/EU, Framework Decision 2008/841/JHA
Official sources
Directive (EU) 2018/1673 on combating money laundering by criminal law