The Council of Bars & Law Societies of Europe (CC BE) expects a proposal for a new anti-money laundering directive to be published towards the end of January or the beginning of February. It will probably take between 12 – 18 months following publication before a new directive will be concluded. It is understood that DG Internal Market will organise a hearing on the proposal in March in which the CCBE will be invited to participate. The CCBE will prepare an analysis of the proposal and a response.

Source: CC BE newsletter February 2013, page 4