On 13 January 2015, the EU Council published an ‘I Item Note’ (note 5116/15) with accompanying addenda 1, 2 and 3, in relation to the amendment and replacement of the existing Money Laundering Directive and Wire Transfer  Regulation  1781/2006.  COREPER was also asked conditionally to approve (in principle) the submission at a later date of the final compromise texts for MLD4 and the WTR for adoption as the EU Council’s first reading positions. This is the next significant stage in preparing the draft texts for political agreement and adoption in full. This follows a political agreement between the EU Council and the European Parliament regarding  proposals  under  MLD4  and  the  WTR,  reached  on 17 December 2014 and endorsed by the EU Council on 27 January 2015. The  revised  legislation  proposes  that  EU  member  states  will  be  obliged to maintain central registers listing information on the ultimate beneficial owners of corporate entities, including trusts. Banks will also be required to be more vigilant regarding suspicious transactions by customers, and take new measures in relation to politically exposed persons (high risk individual clients).