5th Money Laundering Directive

You may have heard there is a fifth EU Money Laundering Directive coming, even though the fourth only passed into law last June. We have even seen marketing material sent to law firms saying “it’s not too early to start thinking about” the fifth directive.

Well relax. It is far too early.

First, any new law is probably years away from enactment.

Second, we do not know for sure what the changes will be. They are not likely to be revolutionary. This is more a set of amendments to the fourth directive.

Third, you have a business to run with real and pressing needs. You do not need to go looking for things to worry about.

Fourth, Socrates will update subscribers when the time comes, including updating the training and precedents.

Have a nice day.

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