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4th AML Directive

4th AML Directive

Fenergo unites advanced regulatory rules logic with centralized client and counterparty data to help financial institutions meet and manage 4MLD & 5MLD obligations efficiently

4th AML Directive Overview

The Fourth EU Anti-Money Laundering Directive (4MLD), effective from June 26th, 2017, is intended to deliver a greater focus on ultimate beneficial ownership and an enhanced risk-based approach to compliance.

The Directive provides stricter requirements for compliant Client Lifecycle Management and Know Your Customer processes, strengthens risk-based processes and prompts the removal of Customer Due Diligence (CDD) exemptions.

The Fifth EU Anti-Money Laundering Directive, set for implementation in 2018, will enforce this further by introducing a stricter beneficial owner threshold of 10% for high-risk entities.

Rules-Driven Approach Required to Comply with 4th AML Directive

Financial institutions must be capable of delivering a robust, risk-based approach to AML compliance in order to comply with the 4th AML Directive.
This involves understanding exactly who you are doing business with, identifying where the sources of funds originate and accurately determining the identities of all known counterparties and associations to the client organization.
With severe reputational and financial penalties on the line, financial organizations need to implement a rigorous approach to 4MLD & 5MLD compliance.

Achieve 4th AML Directive Compliance with Fenergo AML

The Fenergo Anti-Money Laundering solution is a robust and proven AML compliance software solution that seamlessly integrates with Fenergo Client Lifecycle Management to ensure consistent compliance with the 4th AML Directive, from initial onboarding to ongoing due diligence throughout the client lifecycle.

Our integrated enterprise-wide Client Lifecycle Management platform enables financial institutions to enhance their risk and regulatory management by gaining a detailed understanding of every legal entity with which it engages in business.

Useful resources

Fourth European Anti-Money Laundering Directive

A rules-driven, risk-based compliance solution that complies fully with the 4th EU Money Laundering Directive.

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Beneficial Ownership in Focus

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