EP releases a briefing titled ‘Understanding the EU’s Response to Money Laundering: New EU AML Package,’ outlining the latest measures to combat money laundering in the EU

Money laundering is how criminals convert the proceeds of crime into what appear to be legitimate earnings. Criminals are employing ever-more sophisticated methods, including digital and emerging crypto-currencies, to disguise the source of their money. The impact on society of criminality is difficult to understate. It has a significantly negative effect across the socio economic spectrum…