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An entity’s financial statements are normally prepared on a going concern assumption. This means that the company is expected to continue operating for the ‘foreseeable future’, meaning, at least 12 months from the reporting date.
2026 is a real turning point for the European Union’s fight against money laundering and terrorist financing. Although the comprehensive new framework will not become fully enforceable until July 2027, the focus in the current year shifts from legislative development to the practical implementation and operational preparation undertaken by the competent authorities responsible for giving the rules effect.