EU AML in Global Trade: Who's in Scope
- Arne Mielken
- May 2
- 4 min read
Are you an "obliged entity" under the new EU AML Regulation? Find out what it means for your global trade compliance.
In April 2025, a transformative change to Anti-Money Laundering (AML) compliance has arrived in the European Union. Regulation (EU) 2024/1624 reshapes the AML landscape by broadening its reach and clarifying which businesses are considered "obliged entities"—those required to comply with AML and Counter-Terrorist Financing (CFT) obligations. If you’re in cross-border trade, whether as an exporter, compliance officer, freight forwarder, or a legal adviser structuring deals, this regulation matters more than ever.
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Key Questions Covered in This Blog
What is Regulation (EU) 2024/1624, and why is it important for global trade?
Who qualifies as an “obliged entity” under the new AML rules?
How do these changes affect real estate, legal, and corporate service providers?
What are the implications for precious metals, cultural goods, and free zones?
Are there any exemptions, and who qualifies?
What steps should you take now to ensure AML compliance?
"Understanding who you are under AML law is no longer optional — it’s fundamental to accessing global markets and maintaining trust."Arne Mielken, Managing Director, Customs Manager Ltd
Abbreviations Used In This Blog
AML – Anti-Money Laundering
CFT – Counter-Terrorist Financing
CDD – Customer Due Diligence
KYC – Know Your Customer
SAR – Suspicious Activity Report
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What is Regulation (EU) 2024/1624, and why is it important for global trade?
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