FR
EN

Publications

Financial players are facing an ever-changing economic and regulatory environment. SAGALINK Consulting's publications present our views on the latest topics and trends that matter to our clients. Besides, we regularly publish our opinions in the financial press.
Contact us for further information.

The main new features of the 4th Anti-Money Laundering Directive for Asset Managers

 

The main new features of the 4th Anti-Money Laundering Directive for Asset Managers will be transposed before the 26th of June 2017 for entry into force of the regulation on the same date.

The 4th Directive mainly allows to bring into conformity the law of the European Union with the FATF recommendations adopted in February 2012. It creates more transparency and more efficiency.

The key innovations can be summarized in six main points:

  • Strengthening the identification of the beneficial owner for legal entities and trustees with the introduction of an updated national register
  • Extending the concept of 'politically exposed persons'
  • More strict due diligence measures in the actually incurred risk-based approach-
  • Stricter personal sanctions for natural or legal persons
  • Suspicious declaration to TRACFIN for all attempts of suspicious or proven transactions
  • Strengthening the internal control and AML/FT procedure on the “Group” scale

For more information on the impacts of this new directive, do not hesitate to contact us: isabelle.petit@sagalink-consulting.com