EU expands politically exposed person status under AML regulations in 2027

The EU's AMLR regulation 2024/1624 will come into force on July 10, 2027, to combat money laundering.

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It broadens the definition of politically exposed persons (PEPs) under AML/CFT frameworks.

Financial institutions will need to adjust their enhanced due diligence procedures.

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Auto-synthesis from 1 media source · identified on September 17, 2026