Although the transposition of the 4th EU Directive on the prevention of Money Laundering (EU 2015/ 849 - 4th AMLD) is currently underway in all EU Member States with 26 June 2017 as deadline for the implementation, the EU Commission has proposed a new Directive (5th AMLD) in July 2016 amending the revised AML framework not yet put into force on national level.