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The EU is working on a new anti-money laundering directive

The EU is working on a new anti-money laundering directive

The EU is negotiating new anti-money laundering laws. Potentially, we can talk about a ban on large cash payments and citizenship by investment.

The new rules must be laid down in the Directive. It will affect all EU members. The peculiarity of the Directive is that it is easy to comply with and more effective in combating cross-border flows.

It is also planned to prohibit the use of cash for large transactions, such as the purchase of real estate.

One of the main topics of discussion was obtaining citizenship by investment, since “golden visas” can be a breeding ground for money laundering.

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