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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….


RTÉ News story

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


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