
On 19 June 2024, the Final Act of the AMLR was published in the Official Journal of the European Union. Regulation 2024/1624/EU (AMLR) harmonises AML rules throughout the EU and extends those rules to new obliged entities like, among others, most of the crypto-sector, traders of luxury goods, football clubs and agents. It also sets stricter due diligence requirements, regulates beneficial ownership and sets a Union-wide limit to cash payments of 10000 euros. The AMLR is to enter into force 20 days from the date of publication in the Official Journal. It is to apply from 10 July 2027 but for football agents and for professional football clubs in respect of certain transactions it is to apply from 10 July 2029.