Press Release: Anti-money laundering: Commission takes action to ensure that France, Poland and Spain implement EU laws

The European Commission decided to refer France and Poland to the European Court of Justice over non-implementation of the 3rd Anti-Money Laundering Directive. Reasoned opinions will also be sent to Poland and Spain for not laying down effective, proportionate and dissuasive penalties in national law as required by the Regulation on payer information accompanying transfers of funds. The transposition deadline for the Directive and for notifying the penalties laid down in national law under the Regulation was 15 December 2007.