Directive (EU) 2015/849

Directive (EU) 2015/849, also known as the Fourth Anti-Money Laundering Directive, establishes rules for preventing money laundering and terrorist financing in the European Union. It requires financial institutions and certain other businesses to verify and record the identities of their clients, monitor transactions for suspicious activity, and collaborate with authorities. The directive aims to make it harder for illegal funds to be used for crime or terrorism by enhancing transparency and oversight across member states. It also encourages cooperation and information sharing among countries to strengthen the EU’s overall financial security.