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The European Commission is closing the book on the Fifth Anti-Money Laundering Directive, 5AMLD. On to the next one. By standardizing the legal definition and criminalization of money laundering across the European Union, "directive 2018/1673," which the bloc's 27 nations must implement by December, aims to boost financial intelligence and ease investigations and convictions in countries such as Germany and Finland, where laws against the crime are narrow in scope. The directive, which, according to a Commission spokesperson, cannot be called 6AMLD as "it has a different legal basis and purpose," introduces a unified list of 22 predicate offenses that...