European Commission Releases Its Report on the Risks of Money Laundering and Terrorist Financing as the 4AMLD Enters into Force

On June 26, 2017, the European Commission has published a report which will support Member State authorities in better addressing money laundering risks in practice. As required by the Fourth Anti-Money Laundering Directive (4AMLD), the Commission assessed the money laundering and terrorist financing risks of different sectors and financial products. The report identifies the areas most at risk and the most widespread techniques used by criminals to launder illicit funds.