The Financial Gatekeepers: The new role of financial institutions in upholding financial sanctions
By EsqSocial Corporation 16/04/25
The long-awaited EU anti-money laundering ("AML") Package came into force in July 2024 and will begin to apply directly to firms in scope ("obliged entities") from 10 July 2027. Regulation (EU) 2024/1624 (the “AML Regulation”) expands the scope of previous AML legislation to include obligations aimed at increasing compliance with targeted financial sanctions (i.e. the freezing of assets and the prohibition to make funds or other assets available for the benefit of sanctioned persons and...
By: Hogan Lovells