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Feed/COD2006/0281(COD)Other

The Commission)

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 224mo ago
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This procedure concerns the rules and measures to prevent money laundering and the financing of terrorism. It aims to strengthen the EU's framework to combat illicit financial activities and protect the integrity of the financial system.

The European Commission is granted implementing powers to ensure these rules are applied effectively across the EU. This impacts financial institutions and other obligated entities, requiring them to implement specific controls and reporting mechanisms.