The European Commission has formally warned all but 11 member states for failing to transpose the 4th Anti-Money Laundering Directive (4th AMLD) before last month’s deadline.
“The commission has sent a letter of formal notice to 17 member states, urging them to transpose the new EU rules on anti-money laundering, which should have been in force since June 26,” said commission spokesperson Christian Wigand.
“The member states now have two months to respond to the letter.”
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