On Thursday, European Parliament and Council negotiators agreed on new measures to strengthen the EU's toolkit, according to a related announcement.

EU co-legislators reached a provisional agreement on the sixth directive for combating money laundering from illegal activities (Anti-Money Laundering, AML) and the EU regulation for a "uniform rulebook." The agreed provisions, part of a package of measures to combat money laundering and terrorism financing, will be implemented by banks and other entities responsible for protecting the EU's internal market.

Under the new legislation, access to information about the real beneficiaries of accounts will be provided, and more powers will be given to financial intelligence units for analyzing and identifying cases of money laundering and terrorism financing, as well as suspending suspicious transactions.

During the negotiations, MEPs ensured that from 2029 professional football teams will be required to verify the identity of their clients, monitor their transactions, and report any suspicious activities. They also achieved increased vigilance regarding exceptionally wealthy individuals.

The agreement includes a pan-European limit of €10,000 on large cash payments and measures to ensure compliance with targeted economic sanctions and to prevent circumventing these sanctions.

Finally, it is worth noting that the agreement must be officially approved by the Parliament and the Council before it comes into effect.