The European Union (EU) is currently processing a package of legislative proposals to strengthen the rules relating to anti-money laundering and countering the financing of terrorism. This package, presented by the European Commission on 20 July 2021, implementing the commitments undertaken in its Action Plan for a comprehensive EU policy on the prevention of these crimes, consists of four legislative proposals:
- A new Directive on anti-money laundering and countering the financing of terrorism that will replace the existing Directive 2015/849/EU.
- A new Regulation that will harmonise European standards in this field as a single regulatory code.
- The review of Regulation 2015/847/EU on transfers of funds in relation to crypto-assets transactions.
- The creation of a new European Anti-Money Laundering Authority.
In this regard, it is particularly important to hold discussion forums, driven by economic and civil institutions, to analyse and debate in depth the current challenges facing the EU in this field. This is precisely the objective of the Madrid AML/CFT Conference: "Prospects, strengths and challenges" organised in Madrid by the Spanish Banking Association (AEB), CECA, the National Union of Credit Cooperatives (UNACC), the Spanish Union of Insurance and Reinsurance Companies (UNESPA), the Association of Property, Commercial and Movable Property Registrars of Spain, the General Council of Notaries Public, and the Madrid Futuro Association , with the collaboration of the Ministry of Economic Affairs and Digital Transformation, the Regional Government of Madrid and the Madrid City Council.
This conference brings together international experts and renowned figures to, among other purposes, analyse and debate the challenges faced in the fight against money laundering and the prevention of the financing of terrorism, as well as to analyse and share experiences and best public and private practices in this area. Raquel Cabeza, Corporate Director of Risks and Compliance at CECA was among those in attendance.
