Contentious

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Proposed Directive to amend the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4). The proposed Directive is known as the Fifth Money Laundering Directive (MLD5). The legislative proposal takes the form of a minimum harmonising Directive, which means that member states can adopt or retain measures that are more stringent than those in the proposed Directive.

Latest Reports

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    This week put Brexit preparations on the back-burner as the Article 50 exit date was put back and the ratification of the revised Withdrawal Agreement (“WA”) by the UK Parliament was abandoned in favour of a general election. We will therefore be pausing our weekly email commentary until the New Year. The Article 50 extension (see Document 5 below) delays the UK's exit until 11.00 pm GMT on 31st...

  • man and euros

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    FCA: Temporary transitional powers Further to the directions made on 28 March 2019, FCA has updated and published draft directions and updated its explanatory note providing guidance on the use of the TTP.

  • City, London

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  • City, London

    In outline: On 11th April the EU published the text of the decision of the European Council in response to the UK’s request for a further extension of the Article 50 notice period (see Document 1 below and the UK acceptance at Document 2 below). The decision provides a second ...

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