EU launches infringement proceedings over Irish anti-money laundering laws

If, after two months, the EU Commission continues to find that Ireland is not in compliance, the matter can be referred to the EU Court of Justice where penalties can be imposed

The EU Commission has notified three member States over failing to properly transpose an anti-money laundering directive into their domestic legislation. 

The European Commission has opened an infringement procedure against Ireland and two other countries over failures to properly transpose anti-money laundering directives into law.

All the implicated countries notified the Commission that they had completely transposed the amended directive. However, the Commission has since identified several instances of non-conformity.