EU regulator AMLA draws the line: anti-money laundering controls to be enforced consistently across Europe Until recently, an automotive company that did not take its KYC and anti-money laundering controls too seriously could receive a fine of a few thousand euros in one EU country and get away with a warning in another. Those days are over. Uniform anti-money laundering policy across Europe In July, the European Anti-Money Laundering Authority (AMLA) announced that, for the first time, there...

Novatrade24 update: EU gives enforcement authorities direct access to your VAT data New: Regulation (EU) 2026/1743 enters into force on 16 August From 16 August 2026, the way European enforcement authorities look at cross-border trade will change fundamentally. Regulation (EU) 2026/1743 will enter into force and give the EPPO (European Public Prosecutor’s Office) and OLAF (European Anti-Fraud Office) direct access to cross-border VAT data, including data from Eurofisc (the decentralised...