Anti-Money Laundering Directive

The Anti-Money Laundering Directive (AMLD) is a set of laws designed to prevent money laundering and terrorist financing in the European Union. It requires financial institutions and certain businesses to identify and verify the identity of their customers, report suspicious activities, and maintain records of transactions. The goal is to make it harder for criminals to use the financial system to hide or move illegal money. The directive aims to promote transparency, enhance cooperation among countries, and protect the integrity of the financial system while ensuring compliance with international standards.