The New EU AML Legislative Package and What It Means for the Affected Sectors

• Jurisdiction: European Union

Speaker

Michael Fernandez-Bertier is Director at Compliance4Business consulting firm. He is also a member of the New York bar and a former attorney-at-law at the Brussels bar. He specialises in financial crime prevention compliance, white collar crime and criminal procedure.

Michael is also a lecturer in the Tax Management Executive Master Program at Solvay Brussels School of Economics and Management, in the UCLouvain-ULB-ULiège interuniversity Certificate in White Collar Crime and in the UCLouvain-USL-B Certificate in (Re)inventing Your Compliance Programme.

He is also a member of the CRID&P, CRIDES (UCLouvain) and GREPEC (USL-B) research groups, a PhD candidate in Law at Université catholique de Louvain and a board member of Transparency International Belgium

Topic

The e-presentation offers a comprehensive overview of the new European Union (EU) Anti-Money Laundering (AML) legislative package and its far-reaching implications across various sectors. By delving into the intricacies of this package, it equips its audience with invaluable insights into the complexities of combating financial crime.

At its core, this presentation underscores the necessity of a dual-pronged approach to effectively address the issues of money laundering and terrorist financing. To truly understand the gravity of these challenges, it provides a detailed examination of the criminal economy's underlying dynamics and the critical role played by money laundering and terrorist financing in sustaining it. This understanding forms the foundational basis for the subsequent exploration of the legislative measures that have been introduced to combat these issues.

The heart of the e-presentation revolves around the new AML Regulation, a key element of the EU's legislative arsenal in this ongoing battle. It thoroughly elucidates the rationale behind the creation of this regulation, its extensive scope, and the innovative strategies it employs to mitigate money-laundering risks. By addressing these critical aspects, it equips its audience with a deeper comprehension of the measures being implemented to safeguard the integrity of the financial system within the EU.

Furthermore,...