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What is the EU Directive on criminalising money laundering?

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Published by a 老司机午夜福利 Corporate Crime expert
Published on: 11 March 2021
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Directive on criminalising money laundering

On 12 November 2018, the Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law (OJ L284 12.11.2018 p 22), (EU MLD6), was published in the Official Journal of the European Union. EU member States were required to transpose EU MLD6 into national law by 3 December 2020.

Most significantly, the EU MLD6 provides that:

鈥樷淢ember States shall take the necessary measures to ensure that legal persons can be held liable for any of the offences referred to in Article 3(1) and (5) and Article 4 committed for their benefit by any person, acting either individually or as part of an organ of the legal person and having a leading position within the legal person鈥 [鈥 to ensure that legal persons can be held liable where the lack of supervision or control by a person referred to in paragraph 1 of this Article has made possible the commission of any of the offences referred

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Jurisdiction(s):
United Kingdom
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Key definition:
EU Directive definition
What does EU Directive mean?

Directives are legal instruments of the Union addressed to the Member States to attain the Union's objectives set out in the Treaties.

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