Internet checks in customer screening is no longer a nice-to-have.
The 6th Anti-Money Laundering Directive (6AMLD) is the latest implementation from the European Union, aimed to impose more strict and universal laws and regulations across EU-states in the fight against money laundering and terrorism financing.
The 3rd of December 2020 was the deadline for all EU-states to implement the 6AMLD in their laws, and on the 3rd of June 2021 the deadline is set for all obligated businesses to comply. Where many organisations might still be struggling in complying to the 5AMLD, we hereby share some insights on the newest direction and what this could mean for your customer screening and monitoring process.
This paper elaborates on the upcoming changes in the anti-money laundering laws and regulations, what it means for regulated businesses, and how internet screening with forensic technology can play a major role in the required customer screening process.