The EGBA believes the changes will strengthen the EU’s approach to tackling money laundering and “benefit online gambling operators by standardising AML rules and reporting requirements across member states”.
With formal adoption by the Council of the EU expected in May, before being published in the EU’s Official Journal, the new package will contain:
A single rulebook regulation – provisions on conducting due diligence on customers, transparency of beneficial owners and the use of crypto-assets.
The sixth Anti-Money Laundering Directive – national provisions on supervision and national AML authorities, as well as on the access of authorities to necessary and reliable information, eg beneficial ownership registers.
The establishment of the European Anti-Money Laundering Authority – AMLA – will have supervisory and investigative powers to..