EU Parliament strengthens EU’s toolkit to fight ML/TF, providing interested parties with direct access to beneficial ownership including wide-reaching due diligence

𝗠𝗘𝗣𝘀 𝗮𝗿𝗲 𝘀𝗲𝘁 𝘁𝗼 𝗳𝗶𝗻𝗮𝗹𝗶𝘀𝗲: 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗳 𝗙𝗼𝗼𝘁𝗯𝗮𝗹𝗹 𝗖𝗹𝘂𝗯𝘀 – From 2029, professional football clubs will be required to verify customer identities, monitor transactions, and report any suspicious activities to FIUs. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗩𝗶𝗴𝗶𝗹𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗨𝗹𝘁𝗿𝗮-𝗥𝗶𝗰𝗵 – persons with a total wealth value of at least 50.000.000 euro, excluding their main residence. 𝗘𝗨-𝘄𝗶𝗱𝗲 𝗖𝗮𝘀𝗵 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗟𝗶𝗺𝗶𝘁 – of €10,000 to prevent large-scale cash-based money laundering.