The European Central Bank has published its Opinion on the proposal for a Fourth Anti-Money Laundering Directive, and on the Proposal for a Regulation on Information Accompanying Transfers of Funds. In general, the ECB welcomes and endorses both these initiatives as they correctly and effectively address the weaknesses identified in the current regime. The ECB also considers that they would improve the clarity and consistency of the applicable rules across the Member States, for example, in key areas such as customer due diligence and rules relating to beneficial ownership information.