The last piece of the puzzle of the implementation of the 5th AML Directive

Aspects and changes of the law of 25 March 2020 are the following:

Extended scope of professionals subject to AML-CTF obligations;
Reinforcement of the customer due diligence (“CDD”) measures applicable to professionals, including new rules for enhanced CDD measures;
New rules relating to the recourse by professionals to third parties introducers to carry out their CDD measures on their behalf ;
Reinforcement of the powers of competent authorities and self-regulatory bodies in charge of the supervision of professionals subject to AML-CTF obligations;
Strengthening of both national and international cooperation between competent authorities and self-regulatory bodies.