Menu Home

Who knew? EU AML Directives have teeth…

According to RTÉ News, the EU Court of Justice has fined Ireland and Romania for the failure to transpose EU Money Laundering Directives. The Fifth Directive was supposed to be put into each Member States’ laws by the end of January, and the Sixth is due in December. Based on the story (which talked about rules adopted in 2015), it sounds like the two countries haven’t even fully implemented the Fourth Directive (there’s a 2-year implementation for each one) – much less the Fifth.

Good to see – but, wow…

Oh… Ireland was fined €2 million, and Romania €3 million….

Link:

RTÉ News story

Categories: Anti-Money Laundering EU Court of Justice decisions EU Updates Legal Decisions

eric9to5

1 reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: