Loading Events

The 12th European Conference on Tax Advisers’ Professional Affairs, hosted by CFE Tax Advisers Europe and the Institut des Avocats Conseils Fiscaux (IACF), will be held in Paris, France, on Friday 29 November 2019 from 9am to 4pm, this year entitled “Tax Transparency Trends: Are Tax Advisers Ready for the New EU Anti-Money Laundering Rules?”.

New EU anti-money laundering rules have been introduced by the 5th Anti-Money Laundering Directive (“AML”), which Member States are obliged to transpose into national law by 10 January 2020. This Directive builds on other EU transparency initiatives to prevent money laundering, and feeds into OECD efforts in fighting tax crime by the Forum on Tax & Crime, such as its collaboration with the Financial Action Task Force. The conference will examine the perceived risks posed by the tax profession in facilitating money laundering based on the EU Commission’s Supranational Risk Assessments, compliance with the new and existing EU Anti-Money Laundering Directives and tax crime and efforts being taken to address this crime in the broader international context.

Panellists will consider the impact of existing EU rules and the new requirements of the 5th AML Directive, including making beneficial owners of legal entities registers public, providing increased access to information on the beneficial ownership of trusts and the expansion of AML rules to entities which store, hold or transfer virtual currencies. Speakers will also discuss enhanced cooperation and exchanges of information provided for between the EU and Member States under the 5th AML Directive. In addition, panellists will discuss compliance with and implementation of the measures in practice and the information available to supervisory bodies to facilitate their obligations under the Directive.  A further panel will discuss international tax crime and OECD efforts in the field of money laundering.