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26 July 2019

European Commission Supranational Risk Assessment Report 2019

Members’ attention is drawn to the report entitled - European Commission Supranational Risk Assessment Report 2019

Article 6 of the 4th Anti-Money Laundering Directive1 mandates the Commission to conduct an assessment of money laundering and terrorist financing risks affecting the internal market and relating to cross border activities and to update it every two years (or more frequently if appropriate).

This report updates the Commission’s first supranational risk assessment published in 2017.It assesses the implementation of the Commission’s recommendations and evaluates remaining risks, including in new products and sectors.
The report provides a systematic analysis3 of the money laundering or terrorist financing risks of specific products and services. It focuses on vulnerabilities identified at EU level, both in terms of legal framework and in terms of effective application and provides recommendations for addressing them.

This supranational risk assessment takes into account the requirements of the 4th Anti-Money Laundering Directive,4 which was due to be transposed by July 2017. Additional changes brought by the 5th Anti-Money Laundering Directive,5 due to be transposed by January 2020, have been anticipated when defining the new mitigating measures.  


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