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13th May 2022
Internal Market

Risk assessment for money laundering and terrorist financing: AG Pitruzzella’s Opinion interpreting key provisions of Directive 2015/849

In a case concerning the interpretation of key provisions of Anti-Money Laundering and Counter-Terrorist Financing Directive 2015/849, Advocate General Pitruzzella (SIA « Rodl & Partner » v Valsts ieņēmumu dienests, C-562/20) has issued his Opinion on the extent of obligations for reporting entities in carrying out risk assessments, and the margin of discretion for Member States in setting out the rules on how risk assessments should be conducted.

In the dispute in the main proceedings, Latvian tax authorities carried out an inspection and found that Latvian accounting and tax company SIA "Rodl & Partner had not correctly risk assessed two of its clients. In that context, the referring court has doubts as to whether, under

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