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August 6, 2021

EUR. Commission Aims to Make Investment Migration Firms “Obliged Entities”: IMC Reaction

On July 20th, the European Commission presented proposed legislative changes to its AML/CFT framework, which, if adopted, would apply to all EU member states. The proposal seeks to expand the range of entities defined as “obliged entities” to include, for the first time, investment migration practitioners.

The legislative package includes proposals for a 6th Anti-Money Laundering Directive (AML6), the provisions of which would be transposed into the national laws of individual member states.

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