Regulation (EU) 2021/1230 on preventing the use of the financial system for the purposes of money laundering (AML Regulation)

Overview

The AML Regulation (also known as AMLR) is part of the EU’s comprehensive reform of anti-money laundering rules. It harmonizes AML/CFT requirements directly applicable across Member States, including customer due diligence measures, beneficial ownership transparency, risk assessment obligations, and reporting of suspicious transactions. The regulation establishes enhanced due diligence for high-risk third countries and cross-border correspondent relationships. Subject to phased implementation from 2025, this regulation forms part of the EU’s AML reform package that also includes Directive (EU) 2021/2255 (AMLD6).

This eu regulation (32021R1230) is part of the EU’s legal framework governing anti money laundering. EU anti-money laundering law establishes a framework for preventing the use of the financial system for money laundering and terrorist financing through customer due diligence and reporting obligations.

Type: EU Regulation

CELEX Number: 32021R1230

Date of Effect: See the official publication in the Official Journal of the European Union.

Key Provisions

Regulation (EU) 2021/1230 on preventing the use of the financial system for the purposes of money laundering (AML Regulation) establishes the core legal framework in this field. For specific provisions, articles, and implementing measures, consult the full text on EUR-Lex.

Significance

This legislation represents a key component of EU law in the area of anti money laundering. It reflects the EU’s approach to harmonization and regulatory policy within the internal market framework.