Member states of the European Union are having difficulty fighting money laundering effectively. Thus, the EU is exiting the assets of Russian oligarchs despite sanctions taken in response to the Russian invasion of Ukraine

European policy aims to support the criminal justice approach with “targeted and proportionate prevention of the use of the financial system”, by subjecting obliged entities such as banks and credit institutions. and financial institutions, casinos or asset management services to take due diligence measures with respect to their customers. European texts have since been regularly revised in order to further promote cooperation between Member States, to adapt to technological changes and to gain in efficiency

Les députés européens et le Conseil de l' Union européenne Have finally reached an agreement at the end of January on a single regulatory body aimed at strengthening the fight against money laundering, the financing of terrorism and the evasion of sanctions. The agreement must now be formally adopted by Parliament and Council before it can enter into force. An indicative plenary session date has been set for 22 April 2024.