NOVEMBER 29 2017
The European Commission questions the commitment of Spain in the fight against money laundering. Brussels has opened an infringement procedure on Wednesday against the Spanish government for not completely transferring the European directive on the matter to national legislation. The deadline for adapting the law expired on June 26, two years after its approval, without Spain’s timely compliance with community requirements.
Brussels has gone from impatience to action against the lack of haste of the Spanish Government in the fight against money laundering. “I urge Spain to approve the new rules against money laundering as soon as possible. A stricter transparency will help to cut terrorist financing and improve the fight against money laundering and tax evasion, “said Justice Commissioner Vera Jourova.
