On 20 December 2017, the agreement between the European Parliament and the Council regarding the Fifth Amendment of the Anti-Money Laundering Directive ("AMLD 5") was confirmed.
The amendment discussion was initiated by the European Commission in July 2016. The amendment aims to prevent the use of the financial system for funding criminal activities and to strengthen transparency rules in order to prevent large-scale concealment of funds.
We remind you that unlike other EU countries, the Fourth Amendment of the Anti-Money Laundering Directive ("AMLD 4"), which first introduced the obligation to file in central registers information on the beneficial owners of companies and legal entities headquartered in the EU, has not yet been incorporated in Greek legislation.
For further information, please refer to the pdf document.