The Council of EU issued a press release on 10 February announcing that it approved the political agreement with the European Parliament on the Fourth Anti Money Laundering Directive and Wire Transfer Regulation. The press release links to the texts. The EU Council's approval paves the way for adoption of the package by the European Parliament at second reading. Member states will have two years to transpose the Fourth Anti Money Laundering Directive into national law. The Wire Transfer Regulation will be directly applicable.