NEW EU DIRECTIVE ON THE PREVENTION OF THE USE OF THE FINANCIAL SYSTEM FOR THE PURPOSES OF MONEY LAUNDERING AND TERRORIST FINANCING

• https://scindeks.ceon.rs/article.aspx?artid=1451-43541802108T

Summary: The new Fifth Directive on the prevention of the use of the financial system for the purposes of money laundering and terrorist financing is the European Union’s response to the 2016 terrorist attacks in Europe and the Panama Papers scandal. This directive aims to strengthen the standards that improve, as much as possible, the conditions for preventive action against money laundering and terrorism financing.