Dentons’ interactive tool to track the implementation of the Anti-Money Laundering Directive

Dentons, one of the most prominent global law firms, released an interactive tool aimed at providing a comparative overview of the implementation of the EU’s fourth Anti-Money Laundering Directive.

What this work is about

Dentons, one of the most prominent global law firms, released an interactive tool aimed at providing a comparative overview of the implementation of the EU’s fourth Anti-Money Laundering Directive (Directive (EU) 2015/849). More specifically, the application provides essential information regarding the establishment of so-called “transparency registers” across Europe. These registers are required to increase the transparency of the ownership structure of legal entities in an ever more interconnected European and global market. At the moment, the tool contains information about 13 countries, but Dentons claimed it will add new entries in the future. Also, in the explanatory text of the tool’s website, the law firm mentions the notorious journalistic inquiry, The Panama Papers, as a critical trigger of the EU-Directive.

 

Why we like it

Although the tool is mainly conceived for private companies who need to comply with the directive and national-specific regulations, it is a good example of how qualitative data can be provided comparatively. Moreover, the information extracted by the application can be useful for investigative journalists interested in the topic, as well as, for cross-border analysis of how authorities transpose European legislation.