Meetup on (R)evolution of the AML Landscape

Events

15 May

Upcoming changes of the AML regulatory landscape

The fight against financial crime is entering a new era. With the adoption of the Sixth Anti-Money Laundering Directive (6AMLD), the Anti-Money Laundering Regulation (AMLR), and the AML Authority Regulation on May 31, 2024, the EU has completed its comprehensive AML/CFT package.

At our recent event, industry experts came together to dissect this new framework and what it means for financial institutions, fintech companies, and regulatory bodies alike. The discussions highlighted how the AML package significantly strengthens the regulatory landscape—introducing enhanced due diligence requirements, greater transparency in beneficial ownership, reinforced supervision, and the establishment of a new AML Authority to ensure more consistent enforcement across Member States.

Participants explored the practical implications of these reforms and debated whether they mark a fundamental shift in AML compliance or represent a more robust continuation of existing policies. The event offered valuable perspectives on how these changes will impact day-to-day operations, risk management, and the broader compliance culture in the EU financial ecosystem.

Programme:

18:00 Welcome Drinks & Registration
19:00 Welcoming by Toon Vanagt from Fintech Belgium
19:05 Welcome words by Joris Latui from DLA Piper
19:10 Presentation New AML Rules and Key Points of Consideration for FS Firms and Fintechs - Delphine Goens from DLA Piper
19:30 Panel & Q&A
- Moderator - Delphine Goens and Joris Latui from DLA Piper
- Gregory Machenil from Febelfin
- Sven Mannetstätter from Projective Group
- Christophe Himpens from Discai
20:20 Closing words by Toon Vanagt from Fintech Belgium
20:30 Networking Reception
22:00 End of Event

PRESENTATION

Anti-Money Laudering Package by DLA Piper

FinTech Belgium

PANEL SUMMARY

In the panel they talked about the important role that banks have as gatekeepers in the fight against money laundering and terrorism. Belgian banks make major investments in compliance with the AML framework and will need to keep doing so under the AML package in order to be compliant and fulfil their role in society as gatekeeper. It is yet to be seen what the impact will be of the AMLA (Gregory Machenil from Febelfin)

The AML package introduces changes that will need to be implemented on time. The AML package will have an impact on the IT systems, procedures, group policies, etc. Although not all rules and guidance of the AML package are set, there was a clear message from the panel that you need to start today with introducing those changes. It is important to also make the 1st, 2nd line of defence and the management aware of all changes that are coming. (Sven Mannetstätter from Projective Group)

Technology and AI can play an important role in the efficiency of the fight against money laundering and terrorism. The panel gave useful insights of how AI will become a critical component in a more proportionate and risk based approach in AML.

Finally the AML package opens the door for information sharing partnerships between public and private actors. The panel talked about important (international) use cases and how the banking industry will need clear guidance and leadership in order to reap the full potential of collaboration. (Christophe Himpens from Discai)

They concluded that the AML package will certainly bring an evolution, but not a revolution in the AML landscape.

GALLERY