Enhanced Due Diligence in the context of new EU regulations is becoming crucial with the entry into force of groundbreaking legal changes. The establishment of the European Anti-Money Laundering Agency (AMLA) in 2024 and the adoption of the new AMLR regulation are a clear signal that the European Union is consistently strengthening its anti-money laundering and counter-terrorist financing systems.
Extended scope of institutions subject to EDD obligations
The new regulations extend the scope of institutions required to apply EDD to industries particularly vulnerable to financial fraud — crypto-asset service providers, crowdfunding platforms, luxury goods traders, football clubs, football agents and mixed-activity holding companies. The EU legislator requires advanced and transparent procedures for verifying business partners, regardless of the complexity of their structures or the scale of their cross-border activities.
AMLA as a new supervisory authority
From 2028, the AMLA will directly supervise up to 40 of the largest and riskiest financial groups across the EU. However, the new EDD requirements, which these entities will be required to implement, will also become the de facto standard for other market participants, especially institutions and companies operating in high-risk areas or cooperating with larger financial groups. It is precisely for these organisations that the professional implementation of advanced, transparent and auditable EDD procedures, which we provide as part of our services, is crucial. This not only ensures that our clients are fully compliant with current standards, but also gives them a market advantage by reducing the risk of administrative and regulatory sanctions.
Professional EDD implementation
In an era of increasing regulatory requirements and greater transparency around the world, Enhanced Due Diligence is becoming a key tool for ensuring security, stability and competitiveness not only in the European market, but also in the global business environment.
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