A UK fiscal expert in crime proceedings has released his summation of the key money laundering legislative developments throughout last year in 2018, chiefly the release of the Sixth Anti-Money Laundering Directive (EU 6AMLD), which EU Member States are required implement into national law by December 3rd 2020.
The 6AMLD presents a list of founding money laundering offences that should be classed as unlawful and criminalised including:
• Stricter measures on virtual currencies.
• Penalties & the punishment of individuals.
• International cooperation & data sharing.
• The extension of criminal liability to companies.
The UK government have announced that they will not be taking measures implement this Directive unlike the 5th and will therefore not be bound by its provisions.