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France Seeks New September Deadline for Europe’s AML Directive
By Irene Madongo
printCORRECTION APPENDED France will seek to implement the European Union's latest anti-money laundering directive by September, nine months ahead of a mandated deadline, according to a French official. The plan, prompted by terrorist attacks in Paris last month that killed 128 people, follows EU ministerial meetings aimed at cracking down on Islamic State's finances. Earlier this month, European finance ministers adopted a 13-page French plan to expedite implementation of the directive and commit to new measures to fight terror funding. "Under the present circumstances, it is imperative to speed up enactment of this package in every EU member-state so that...
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