For EU executives, compliance with EU’s 6th Anti-Money Laundering Directive (6AMLD) is critical. The introduction of personal criminal liability for negligence or irresponsibility for enabling the flow of illicit funds has every senior official questioning AML compliance procedure.
There are lots of considerations to factor in. An organization must have adequate policies, reporting procedures, and training programs in place. In terms of operations, robust monitoring and onboarding processes need to meet strict EU standards on an ongoing basis. And all third parties must be vetted to ensure that risk doesn’t sneak in from the network of partners, suppliers, agents and other outside entities.
Meanwhile, all the other needs of running a successful business continue to need attention. How can you quickly get up to speed on 6AMLD and what you should be doing? Our upcoming webinar on September 27 will help answer many of your questions and provide clarity on what actions may be required for your business.
Everything you need to know about 6AMLD
Stay on top of evolving AML requirements in the EU
September 27 at 7am PT / 3pm UK
The European Union (EU) has implemented a series of Anti-Money Laundering (AML) Directives since 1991. These directives have progressively built on each other to compel EU financial institutions and other reporting entities to detect and prevent financial crime.
The Sixth Anti-Money-Laundering Directive (6AMLD) was transposed into law in December 2020, requiring reporting entities to adopt its standards by 3 June, 2021.
Join Garient Evans, SVP Identity Solutions and Jack Bensimon, Managing Director at Black Swan Diagnostics, to prepare for this new era of AML enforcement in Europe.
This webinar will cover:
- An overview of 6AMLD and the regulatory changes it includes
- The key regional financial risks and the EU’s biggest AML risks
- Best practices for enhancing Customer Due Diligence (CDD), Know Your Customer (KYC) and Know Your Business (KYB) processes
- How modern regulatory technology can help meet AML compliance and reduce financial crime