Money Laundering Bulletin
European Commission cracks down on ML Directive transposition flaws and delays
By Sara Lewis, in Brussels
The European Commission has launched a series of infringement proceedings against member states for shortcomings in national
legislation implementing the European Union’s (EU) fourth and fifth anti-money laundering directives (4MLD and 5MLD), including
one against Britain, which, though it left the bloc on 31 January [2020], remains subject to EU law for a transitional period
to 31 December [2020].