EU AML Package
Anti-Money Laundering Framework
The EU's comprehensive overhaul of anti-money laundering rules. Includes a new directly applicable regulation (AMLR), updated directive (AMLD6), and a new EU-level authority (AMLA).
Package Components
AMLR
Anti-Money Laundering Regulation
Directly applicable regulation replacing AMLD provisions. Harmonizes CDD, beneficial ownership, and PEP rules across EU.
AMLD6
6th Anti-Money Laundering Directive
Directive on AML supervision, FIU powers, and national enforcement. Replaces AMLD5.
AMLA
Anti-Money Laundering Authority
New EU-level AML/CFT authority with direct supervision of high-risk entities and FIU coordination.
Key Changes from Current Framework
Single Rulebook
AMLR creates directly applicable rules across all Member States, eliminating divergent national transpositions. Key harmonized areas include:
- Customer due diligence thresholds and procedures
- Beneficial ownership transparency requirements
- PEP definitions and enhanced due diligence triggers
- Maximum cash payment limits (€10,000)
AMLA Direct Supervision
The new AML Authority will directly supervise selected high-risk cross-border obliged entities, including:
- Credit institutions with operations in 6+ Member States
- Entities identified as highest-risk through risk assessments
- Entities referred by national supervisors
Crypto-Asset Coverage
Full alignment with MiCA - all CASPs are obliged entities under AML rules with specific requirements for crypto transfers (travel rule).
Frequently Asked Questions
When does the new AML framework apply?
The main provisions apply from July 10, 2027, when AMLR becomes directly applicable and AMLA begins direct supervision. Member States must transpose AMLD6 by December 31, 2027.
How does this affect crypto businesses?
All CASPs authorized under MiCA are obliged entities under AMLR. They must apply full CDD, implement travel rule for transfers, and report suspicious transactions. AMLA may directly supervise significant CASPs.
What is the new cash payment limit?
AMLR sets a maximum €10,000 limit for cash payments across the EU. Some Member States may set lower thresholds. Payments for precious metals, art, and other high-value goods are covered.
Implementation Timeline
April 2024
AML Package adopted
July 2025
AMLA established
July 10, 2027
AMLR becomes applicable
July 10, 2027
AMLA begins direct supervision
December 31, 2027
AMLD6 transposition deadline
Obliged Entities
Related Tools
Risk Assessment
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