European Parliament Adopts AML/CFT Package, including 6th AML Directive

        On April 24, 2024, the European Parliament adopted a package of laws buttressing the European Union’s mechanisms to combat money laundering and terrorist financing. The European Parliament adopted the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package consisting of the sixth Anti-Money Laundering (AML) directive  (adopted with 513 votes in favor, 25 against, and 33 abstentions), the EU “single rulebook” regulation (adopted with 479 votes in favor, 61 against, and 32 abstentions), and the Anti-Money Laundering Authority a(AMLA) regulation (adopted with 482 votes in favor, 47 against, and 38 abstentions).