5th AMLD Implementation January 2020 deadline for implementing

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The EU Fifth Anti-Money Laundering Directive has been gazetted in the Official Journal of the European Union. The Directive will enter into force next month on July 9th 2018, giving all European Member States one year and a half to transpose it into each jurisdiction’s local law (by January 2020).

Experts have expressed concern over how smaller countries may struggle to keep up with the ever-changing legislation, with many potentially taking longer than the given 2020 deadline, seeing how their record in transposing the Directive’s precursor, some of which still have not fully implemented it.