Anti-Money Laundering Directive (AMLD)

The Anti-Money Laundering Directive (AMLD) is a set of European Union laws designed to prevent and combat money laundering and terrorist financing. It requires financial institutions and other businesses to implement strict checks on their customers, report suspicious activities, and maintain transparency in financial transactions. The goal is to make it harder for criminals to disguise illegal earnings and to ensure that financial systems are not used for illicit purposes. By establishing clear guidelines and responsibilities, the AMLD aims to protect the integrity of the financial system and promote safer economic environments.