European Union Anti-Money Laundering Directives

The European Union Anti-Money Laundering Directives are regulations aimed at preventing money laundering and terrorist financing within the EU. They require financial institutions and certain businesses to monitor transactions, report suspicious activities, and perform due diligence on customers. These directives aim to create a standardized approach across member states, enhance cooperation between countries, and protect the integrity of the financial system. By establishing clear rules, they help ensure that illegal funds are not allowed to enter the legal economy, thereby safeguarding public trust in financial institutions and promoting financial stability.