4th Anti-Money Laundering Directive

The 4th Anti-Money Laundering Directive is a set of European Union rules aimed at preventing illegal money from being disguised as legitimate. It enhances oversight of financial institutions, requiring them to verify customer identities and report suspicious activities. The directive also increases transparency about who owns companies and trusts, making it harder for illicit funds to flow undetected across borders. Overall, it strengthens the fight against money laundering by establishing clearer standards and cooperation among countries to protect the financial system's integrity.