One EU rulebook – an opinion

Andrea Moundi Savvides (+357 2582 0020, andrea.moundi@harneys.com) is Head of Compliance, MLRO (Cyprus) and Andreas Stavrou (+357 2582 0020, andreas.stavrou@harneys.com) a Consultant and member of the Compliance team (Cyprus) at Harneys.

Is the move to EU law-making for anti-money laundering by Regulation rather than Directive sensible? Andrea Moundi Savvides and Andreas Stavrou of Harneys think so, while pointing out some challenges.