Germany Claims the 6th EU AMLD Goes Beyond Minimum Requirements in EU

By in

The Federal Ministry of Justice in Germany has published a draft Bill implementing the EU’s 6th anti-money laundering directive (6AMLD), only a few weeks after the country successfully completed its implementation of the 5th AMLD into local law.

The 6AMLD sets an EU-wide minimum standard for Member States to combat money laundering using the criminal law, however the German draft extends beyond the minimum standard set out in 6AMLD. It is a wider definition of money laundering means that handling of any funds that could originate from any crime may be punishable as money laundering, in future.