EC refers Greece, Ireland and Romania to court over anti-money laundering rules
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 lump sum and daily penalties until the three countries take the necessary action.
The Member States had until 26 June 2017 to transpose the 4^th Anti-Money Laundering Directive.
Meanwhile, in the wake of the Panama Papers revelations and the terrorist attacks in Europe, the Commission proposed a 5th Anti-Money Laundering Directive to further step up the fight against money laundering and terrorist financing. ■