The fourth Anti-Money Laundering Directive has been published on 5 June 2015 in the official journal of the EU and  took effect from 26 June 2015. EU countries have two years to implement the rules contained in the Directive into national laws. The Directive applies to a wide range of persons and entities, including banks, financial institutions, auditors, accountants and lawyers (see http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2015_141_R_0003&from=EN).

Further the revised Wire Transfer Regulation (REGULATION (EU) 2015/847 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006) has also been published on the 5th June 2015 and took effect from 26 June 2015 (http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32015R0847&from=EN). The scope of the Regulation is to trace electronic transfers and receive information on the payer and the payee in order to detect money laundering and terrorism financing.