AMLRAnti-Money Laundering Regulation
The Anti-Money Laundering Regulation (AMLR), Regulation (EU) 2024/1624, creates a single, directly applicable AML/CFT rulebook for obliged entities across the EU. It sets harmonized rules on customer due diligence, beneficial ownership, internal controls, reporting and the implementation of targeted financial sanctions. It applies from 10 July 2027 and works alongside the Anti-Money Laundering Authority (AMLA) and the Sixth AML Directive as the core of the EU's new framework.
Why it matters
Under the previous directives, each member state transposed AML rules differently, leaving gaps and inconsistent expectations for groups operating across borders. As a regulation, the AMLR applies directly, so a bank in Lisbon and a payment institution in Vilnius follow the same core requirements.
Key changes include more detailed customer due diligence and enhanced due diligence rules, a beneficial ownership threshold of 25% applied consistently, an EU-wide cap of EUR 10,000 on cash payments for goods and services, and a wider list of obliged entities that includes crypto-asset service providers and, from 2029, professional football clubs and agents. Many details will be set in technical standards drafted by AMLA.
With the application date approaching, institutions are reviewing customer risk models, data quality and monitoring coverage so they can evidence compliance from day one.
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