Infringements: Commission refers Greece, Ireland and Romania to the Court of Justice for not implementing anti-money laundering rules

Today, the Commission referred Greece and Romania to the Court of Justice of the EU for failing to implement the 4th Anti-Money Laundering Directive into their national law. Ireland implemented only a very limited part of the rules and is therefore also referred to the Court of Justice. The Commission proposed that the Court charges a … Continue reading Infringements: Commission refers Greece, Ireland and Romania to the Court of Justice for not implementing anti-money laundering rules

Money laundering and terrorist financing: Presidency and Parliament reach agreement

On 20 December 2017, EU ambassadors confirmed the political agreement reached between the presidency and the European Parliament on strengthened EU rules to prevent money laundering and terrorist financing. The draft directive has two main objectives: preventing the use of the financial system for the funding of criminal activities; strengthening transparency rules to prevent the large-scale concealment of funds. The aim … Continue reading Money laundering and terrorist financing: Presidency and Parliament reach agreement