How insurers can get ready for the Fourth Anti-Money Laundering Directive
The Fourth Anti-Money Laundering Directive applies to a range of businesses, including insurers. After its formal adoption in June, European Union member states now have two years to implement the new rules into national law.
The 4MLD reflects concerns that the Third Money Laundering Directive had been implemented inconsistently across the EU. The 3MLD was also overly lenient and permissive, allowing for blanket exemptions
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