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Financial Crime Prevention

EU Council publishes note on proposal for regulation on transfer of funds and cryptoassets

26/04/2022
FIN. Team

On 21 April 2022, the Council of the EU has published a note to commence trilogues with a three-column table summarising and comparing the European Commission’s proposals, the European Parliament and Council’s negotiating positions, on the proposed Regulation on information accompanying transfers of funds and certain cryptoassets.

The proposed Regulation was part of the package of legislative proposals to strengthen the EU’s anti-money laundering and counter-terrorist financing (AML/CFT) rules announced by the European Commission on 20 July 2021. The Council agreed its negotiating mandate in December 2021. The European Parliament agreed its negotiating mandate in April 2022. The Commission adopted the proposed Regulation in July 2021 as part of a package of measures to reform the EU AML and CFT regime.

FIN. Team

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