{"id":7020,"date":"2026-04-30T09:08:41","date_gmt":"2026-04-30T07:08:41","guid":{"rendered":"https:\/\/www.marxer.law\/?p=7020"},"modified":"2026-04-30T09:08:43","modified_gmt":"2026-04-30T07:08:43","slug":"ongoing-legislative-projects-3","status":"publish","type":"post","link":"https:\/\/www.marxer.law\/en\/law-firm\/marxer-insights\/ongoing-legislative-projects-3\/","title":{"rendered":"Ongoing Legislative Projects"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Consultation Report of the Government concerning the enactment of a law on mechanisms to prevent the use of the financial system for the purposes of money laundering and terrorist financing (Anti-Money Laundering Act; AMLA) as well as the amendment of other laws.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The subject of the proposal is the creation of a law on mechanisms to prevent the use of the financial system for the purposes of money laundering and terrorist financing (Anti-Money Laundering Act; AMLA) and the repeal of the Act on Professional Due Diligence in Combating Money Laundering, Organized Crime, and Terrorist Financing (Due Diligence Act; DDA). The necessity arises primarily from the requirement to implement Directive (EU) 2024\/1640 of the European Parliament and of the Council of 31 May 2024 on mechanisms to be established by Member States to prevent the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive (EU) 2019\/1937, and amending and repealing Directive (EU) 2015\/849 (6th Anti-Money Laundering Directive; hereinafter: AMLD VI).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The EU AML package is intended, in particular, to further harmonize provisions for combating money laundering and terrorist financing within the EU and the EEA. This is to be achieved especially through the new \u201cAnti-Money Laundering Authority\u201d (AMLA), headquartered in Frankfurt am Main, which commenced operations on 1 July 2025. The EU AML package consists of the following four EU legal acts, three of which are directly applicable regulations: Directive (EU) 2024\/1640 (AMLD VI), Regulation (EU) 2024\/1624 (AMLR), Regulation (EU) 2024\/1620 (AMLAR), and Regulation (EU) 2023\/1113 (TFR).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AMLD VI essentially contains provisions on the responsibilities and tasks of authorities in the context of supervision, cooperation between competent authorities, the responsibilities and tasks of Financial Intelligence Units (FIUs), the register of beneficial owners and the bank account register, as well as provisions on administrative measures and criminal sanctions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The substantive anti-money laundering provisions for the private sector (due diligence requirements) are now regulated at the EU\/EEA level in the directly applicable AMLR and no longer \u2013 as previously \u2013 in an EU directive. Implementation into national law is therefore obsolete. However, corresponding implementing provisions are necessary for the directly applicable EU regulations (AMLR, TFR, and AMLAR). In addition, national law must be adapted accordingly to avoid discrepancies with the directly applicable EU regulations. In the course of this legislative proposal, the systematics, structure, basic concepts, and terminology of AMLD VI are adopted in order to provide sufficient clarity and legal certainty for market participants as well as for enforcement authorities and courts. To ensure consistency with the other EEA legal acts of the EU AML package, this proposal introduces various adjustments and innovations, particularly in the area of terminology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consultation Report of the Government concerning the enactment of a law on mechanisms to prevent the use of the financial system for the purposes of money laundering and terrorist financing (Anti-Money Laundering Act; AMLA) as well as the amendment of other laws. The subject of the proposal is the creation of a law on mechanisms [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","footnotes":""},"categories":[167],"tags":[],"class_list":["post-7020","post","type-post","status-publish","format-standard","category-legal-updates"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-05-31 20:11:53","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/posts\/7020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/comments?post=7020"}],"version-history":[{"count":1,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/posts\/7020\/revisions"}],"predecessor-version":[{"id":7021,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/posts\/7020\/revisions\/7021"}],"wp:attachment":[{"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/media?parent=7020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/categories?post=7020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marxer.law\/en\/wp-json\/wp\/v2\/tags?post=7020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}