The European Union’s fourth anti-money laundering directive has gone six years without specifics on how entities should apply data protection safeguards. In July, the European Commission published two draft regulations aiming to build on 4AMLD and develop cross-border controls and cohesion. Fulbright-Schuman Scholar Michelle Frasher breaks down where the 4AMLD stands, including specifics in recent texts, and the potential future of data protection and anti-money laundering regulations in the EU.
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