Spain is set to miss the transposition deadline of the 4th Anti-Money Laundering Directive (4th AMLD), although legal experts believe punishment from EU authorities is unlikely.
Spanish legislators fell behind in implementing the 4th AMLD into domestic law before today’s deadline, and are yet to produce a draft outlining their approach to obligations subject to national discretion.
Delays have been put down to political upheaval last year, after two inconclusive general elections left parliament in deadlock for ten months.
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