The Fifth EU Money Laundering Directive: Latest Developments | Sustainable Procurement News | Scoop.it

The Fifth Money Laundering Directive is proceeding along the European Union’s legislative process. 

On 30 November 2016, the Presidency of the Council of Europe (which comprises Ministers from the 28 EU Member States) published a third Presidency Compromise text. This reflects amendments made by the Slovak Presidency in an attempt to reach a common agreed position.

This may open the way to negotiations with the EU Parliament whose rapporteurs published a draft report on 7 November 2016 setting out their proposed amendments.