Greek Law 4557/2018, published on 30 July 2018, implements Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Highlights of the new law include:
- a number of modifications relating to the areas of risk-based approach;
- ongoing monitoring;
- beneficial ownership;
- customer due diligence; and
- politically exposed persons.
To learn more, please download the summary of these main features, prepared by SEE Legal’s Greek member KG Law Firm.