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AML Amendment Effective from 1 June 2026: New Obligations for Obliged Entities
AML Amendment Effective from 1 June 2026: New Obligations for Obliged Entities
The AML amendment introduces significant changes affecting beneficial ownership verification, unusual transaction reporting, goAML registration, and compliance obligations. Explore the key legislative changes and practical implications for businesses and obliged entities.
🎧 Listen to a summary of the key changes
Who Will Be Affected by the AML Amendment?
The amendment to the Anti-Money Laundering and Counter-Terrorist Financing Act, effective from 1 June 2026, introduces new obligations for a broad range of obliged entities — including accounting firms, auditors, tax advisers, lawyers, notaries, corporate service providers, registered office providers, financial institutions, fintech companies, and entities working with beneficial ownership data.
- banks, non-banking financial institutions and leasing companies
- insurance companies
- accounting firms, internal accounting departments and clients’ tax departments
- developers and real estate companies
- dealers in cars, luxury goods and precious metals
- entities operating in the crypto sector
Our overview provides a concise and practical summary of the key legislative changes, implementation deadlines, and expected impacts on obliged entities. The document also highlights areas requiring increased attention in light of the potentially significant financial penalties for non-compliance, which may amount to several million euros.