lexiara

Recital 101

AMLD6
DIRECTIVE (EU) 2024/1640 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849 (Text with EEA relevance) · European Union

(101) The importance of combating money laundering and terrorist financing should result in Member States laying down effective, proportionate and dissuasive pecuniary sanctions and administrative measures in national law for failure to comply with Regulation (EU) 2024/1624. National supervisors should be empowered by Member States to apply such administrative measures to obliged entities to remedy the situation in the case of breaches and, where the breach so justifies, impose pecuniary sanctions. Depending on the organisational systems in place in Member States, such measures and sanctions could also be applied in cooperation between supervisors and other authorities, by delegation from the supervisors to other authorities or by application by the supervisors to judicial authorities. The pecuniary sanctions and administrative measures should be sufficiently broad to allow Member States and supervisors to take account of the differences between obliged entities, in particular between credit institutions and financial institutions and other obliged entities, as regards their size, characteristics and the nature of the business.

· All articles ·

Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.