On 29 June 2022, the Council and the European Parliament reached a provisional agreement on the text regarding the European Commission’s proposal for a recast of Regulation (EU) 2015/847 (also referred to as the Transfer of Funds Regulation (“TFR“)). The final text has not yet been published but the original proposal can be downloaded here.
The proposal is part of a larger package of four legislative proposals to achieve a more coherent anti-money laundering regulatory and institutional…