The Council has agreed its negotiating stance on strengthened EU rules to prevent money laundering and terrorist financing, and has published a fourth presidency compromise text, which does not introduce significant changes.

The Austrian and Polish delegations have voiced their concern on the compromise text, respectively stating that it does not achieve the desired level of transparency on beneficial ownership in the context of trusts and the limited retention period linked to beneficial ownership data. Slovenia has similarly objected to the compromise text with regard to PEPs and the derogation which has been introduced insofar as domestic PEPs are concerned.

Malta, as the incoming presidency, will now take the lead in negotiations with the European Parliament on the MLD5.