Anti-money laundering and counter terrorist financing under the EU–UK Trade and Cooperation Agreement
Author | Aurélia Grignon,Constance Ascione Le Dréau |
Published date | 01 June 2021 |
Date | 01 June 2021 |
DOI | http://doi.org/10.1177/2032284421995952 |
Subject Matter | Analysis/Opinion |
Analysis/Opinion
New Journal of European Criminal Law
2021, Vol. 12(2) 283–289
© The Author(s) 2021
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DOI: 10.1177/2032284421995952
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Anti-money laundering and
counter terrorist financing
under the EU–UK Trade and
Cooperation Agreement
Aur´
elia Grignon
Soulez Larivière Avocats, Paris, France
Constance Ascione Le Dr ´
eau
Ascione Le Dr´
eau, Paris, France
Abstract
Title X of the EU–UK Trade and Cooperation Agreement addresses cooperation between these
two entities with regards to Anti-money laundering and counter terrorist financing. While these
provisions state a common desire to pursue common efforts in this domain, there is no denying that
Brexit will impact existing and contemplated cooperation channels.
Keywords
Antimoney laundering, counter-terrorist financing, countering the financing of terrorism,
European, union, Brexit, trade and cooperation agreement
Introduction
As set out in Council Conclusions dated 5 December 2019, ‘the fight against money laundering and
terrorist financing remains a high priority for the European Union’.
1
It is thus no surprise that this hot
topic should be addressed by the Trade and Cooperation Agreement (TCA) in Part III, Title X.
While being a hot topic, one must nonetheless note that Anti-Money Laundering and Countering
the Financing of Terrorism (AML/CFT) are hardly contentious issues, at least with respect to their
Corresponding author:
Constance Ascione Le Dr´
eau, Ascione Le Dr´
eau, 63 avenue Franklin Roosevel, Paris 75008, France
1. Council of the European Union, Council Conclusions on strategic priorities on anti-moneylaundering and countering the
financing of terrorism, 5 December 2019, 14823/19, https://data.consilium.europa.eu/doc/document/ST-14823-2019-
INIT/en/pdf accessed 23 January 2021.
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