This White Paper presents the key elements of the fourth draft of the 4th EU Money Laundering Directive, and discusses the challenges, especially in relation to the verification of business partners. The first part of the White Paper deals with the changing regulatory landscape. The second part then focuses on money laundering channels, typologies and methods of money laundering, which are of particular relevance for business partners examination. The new rules are not solely limited to financial institutions, but now apply to all companies, making them increasingly relevant. Thus, the interface for money laundering among companies and institutions along the value chain is emerging. The amalgamation of money laundering with corruption, tax evasion and fraud has implications for the stability of the international trading system.
Full article (in German) here.