The European Parliament adopted a legislative resolution on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006.
Parliament approved the Council position at first reading without amendment.
The proposed directive aims to update and improve the EU’s existing 3rd Anti-Money Laundering Directive in ways that will improve traceability of payments and ensure that the EU framework remains fully compliant with international standards (FATF Recommendations).