EU laundering law

If you’re still inside the European system trying to build something meaningful, you need to hear this: Europe has declared war on prosperity. It’s no longer a land of opportunity. It’s a bureaucratic machine that punishes productivity, vilifies success, and taxes ambition into extinction.

Foreword:  It is extremely important not to fall further into the direction in which the “HERD” is heading, namely, the SLAUGHTERHOUSE. It is important to get out of fixed assets as quickly as possible. These are all assets, such as real estate, that you cannot put in your pocket and move “out of political reach.” It is important to divest yourself of anything that is or can be controlled “digitally” by the banks and the government. Last but not least, it is extremely important to ensure NOW that you have a SECOND DIGITAL entity (permanent residency) OUTSIDE EUROPE.

Anyone who doesn't opt for a second permanent residence "out of Europe" before December 31, 2025, is crazy!  You can compare it to the Berlin Wall. In 1961, people had only a weekend to flee communism. As always, only a small group used their common sense. The masses stayed behind! Some because of fear and no guts, others because of a stupid and blind belief in politics.

The new anti-black money directive will be devastating for the European economy.  There will soon be no more financial freedom, and companies will disappear from the EU. No entrepreneur with any common sense will continue to operate in such a sick communist environment.

I speak from experience!  It is vitally important to have a second digital entity that is outside the sphere of influence and control of Europe... with a non-EU credit card, you will always be able to pay...and retrieve money from an ATM machine...just as you could in the USSR and the GDR with Western money instruments from 1961 to 1989.

Anyone who doesn't opt for a permanent second NON-EUROPEAN residence before December 31, 2025, is crazy!
(We can only assist a limited number of clients.)

Following the first five anti-money laundering directives and the comprehensive Digital Services Act, the EU has prepared a new set of legislation that will result in continuous monitoring and intrusion into (financial) privacy. This is the latest set of anti-money laundering rules, the sixth in a row. What are they about, and what is so dangerous about them?

The first five EU anti-money laundering directives.

The first five anti-money laundering directives came into force between 1991 and 2020. Directives are EU-wide binding regulations that instruct national governments to develop local legislation for a specific EU issue.

In addition, there are EU regulations. These are EU-wide laws that are the same for every member state and take precedence over national legislation. Regulations, therefore, go much further than directives because they do not allow for any national adaptation, consultation, or amendment.

The first five Anti-Money Laundering Directives (AMLDs) have therefore led to national laws that have been drawn up ‘in-country’. A clear Dutch timeline of the development process can be found here.

A brief overview of the key points of each directive:

• The first directive (also known as 1AMLD) was introduced back in 1991. It contains rules that mainly apply to supervision by banks.
• The many errors in the first directive were addressed in the second directive (2AMDL), which was published in 2001. This directive also extended coverage to other financial organizations, such as insurance companies.
• The third directive (3AMLD) from 2005 focused on the growing threat of terrorism. This directive was largely a response to the terrorist attacks in the US on September 11, 2001. Changes included updates on terrorist financing, improved due diligence requirements, and the first introduction of sanctions and fines for violations of AMLD legislation.
• The Fourth Anti-Money Laundering Directive (4AMLD) was published in 2017. The regulations were further extended to many other sectors, such as the gambling sector. Other changes included an obligation for financial companies to include customer risk profiles. These would later lead to significant cost increases for banks, which are passed on to account holders on a monthly basis.

The concept of the ultimate beneficial owner (UBO) was also introduced,  whereby the ultimate owners/major shareholders of legal entities are centrally registered. This is intended to create greater transparency about ownership structures that money launderers can use to hide money. 

• The Fifth Anti-Money Laundering Directive (5AMLD) was implemented in January 2020. According to the European Commission, this was prompted by the ever-increasing terrorist activities around the world. This brought a focus on new sources of financing, such as prepaid cards and cryptocurrencies.

The 5AMLD also introduced the concept of politically exposed persons (PEPs). This regulation requires member states to compile lists of individuals who hold prominent political positions, including members of parliament, party leaders, and chairpersons of political parties. These individuals are considered more susceptible to bribery or corruption and must be monitored by the state.

•  The EU's sixth anti-money laundering directive grossly violates many privacy boundaries.  

In early 2024, the European Council and Parliament reached an agreement on the sixth anti-money laundering directive.  According to Privacy First, this directive threatens to overstep many privacy boundaries for all smaller actors within Dutch society: citizens, small and medium-sized enterprises, and smaller non-profit organizations.

Under the first five anti-money laundering directives, crime prevention tasks are already being carried out by companies, including banks, notaries, and accountants.

These companies (“anti-money laundering obligors”) are required to create a risk profile for each customer, assessing whether the customer could be a criminal.  They must also monitor their relationship with the customer and all transactions in which they are involved, and are required to report any suspicions of criminal activity to the government (FIU-Netherlands).

These rules are laid down in the Money Laundering and Terrorist Financing (Prevention) Act (Wwft), go very far, and have already caused considerable social damage.

In addition to the much higher costs for banking services, there is also social damage:

• It has become difficult for certain sectors of the business community and for non-profit organizations to open a bank account.
• Citizens are sometimes confronted with discriminatory practices by banks.
• Banks request (too) much confidential and privacy-sensitive information from their customers. According to Privacy First, banks go much further than necessary for fear of government sanctions.
• In a letter dated May of this year, the Minister of Finance acknowledged that the EU's anti-money laundering measures have gone too far and promised to take action. However, Privacy First questions whether the minister will be able to deliver on his promises, now that the Netherlands (and Belgium) have little say in anti-money laundering measures due to EU legislation.

But now it is going to get even worse with the sixth EU directive, which must be transposed into national law by the summer of 2027.

• According to Privacy First, this sixth anti-money laundering directive will mean that, from the summer of 2027 onwards:
• Tasks will be assigned to companies that are not suited to them.
• Even more out-of-control, disproportionate costs incurred by banks will be passed on to customers, leading to even higher fixed monthly costs for citizens and businesses.
• The fundamental rights of citizens, small and medium-sized enterprises, and small and medium-sized non-profit organizations will be further eroded in favor of centralized power.
• An impending obligation to be imposed on all Europeans to use a digital passport to log in to their bank account.

An enthusiastic European Parliament says that this binding directive will enable the EU to achieve the following:

1. Uniform supervision of all financial transactions within the member states.
2. (Much) More powers are being given to centralized European financial investigation authorities.
3. European and national authorities are being given much more power to demand the financial information they want (such as the sale of luxury cars worth €250,000 or more, or yachts and jewelry above a certain value).
4. Harmonization of access to all UBO information and making it available to European investigative organizations, journalists, and NGOs involved in fraud.
5. Providing insight into financial information—such as bank balances—of UBOs for a minimum of five years and a maximum of ten.
6. Sharing all Chamber of Commerce information from national databases with European investigative organizations.
7. European and national financial investigation services can cancel (suspicious) transactions between parties and/or block accounts at will.

In short,  even if it doesn't go through the CBDC, the EU has the Sixth Anti-Money Laundering Directive to control and monitor the European population and business community. And this was with the approval of the European representatives, the European Parliament. The EU leadership continues to destroy Europe... anyone who continues to do business, live, and work in Europe will end up as poor as Job. There is no longer any doubt about that. 

© - The report's contents may be copied, reproduced, or distributed with the explicit written consent of Goldonomic.