The European Union’s Sixth Anti-Money Laundering Directive (6AMLD) comes into effect for member states on 3 December 2020 and must be implemented by financial institutions by 3 June 2021.

Deferral of DAC6, Council Directive 2018/822/EU, implementation dates.

Council Directive 2018/822/EU, known as DAC6, is the EU Directive on Cross-Border Tax Arrangements with the main purpose to strengthen tax transparency and prevent potentially aggressive tax planning.

Apply Different Matching Rules Based on Your Risk Level Requirements.

Analyze your SDN, Watch and PEP lists data and use a uniform data set.

Analyze and improve the quality of stored customer data.

Reducing False Positives in SDN, Watch lists and PEP Lists Names Filtering.

Enhanced Identification of PEPs.
MLD5 & MLD6 introduces a more efficient method of identifying PEPs through the publication of a consolidated list of prominent public functions by each EU Member State and accredited international organizations.

The following definitions are based on the latest FATF guidelines, published in 2013. However, these definitions do vary by jurisdiction.