To tackle money laundering is considered one of the best ways to tackle organised crime. This research evaluates and analyses the development and the current state of the anti money laundering strategy of one of the most important actors in the global anti-money laundering sphere, the European Union. This piece of research introduces the legal tools used by the EU to regulate the money laundering as well as aims to describe the reasons behind their development. This research also takes a look to the criminological points of view while analysing the money laundering phenomenon itself and weighting the arguments whether money laundering should be sriminalised at all.