No Implementation of 5th AMLD: Commission Acts against Cyprus
8 December 2020 (updated 3 years, 1 month ago)
2018-Max_Planck_Herr_Wahl_1355_black white_Zuschnitt.jpg Thomas Wahl

In October 2020, the Commission sent a reasoned opinion to Cyprus for not having notified any measures for the transposition of the 5th Anti-Money-Laundering Directive (AMLD). The 5th AMLD was adopted in 2018 and further develops the obligations as laid down in the 4th AMLD of 2015, in particular by extending its scope (eucrim 2/2018, 93-94). The 5th AMLD had to be transposed by the EU Member States by 10 January 2020. The Commission now initiated the second step of the infringement procedure. If Cyprus fails to give a satisfactory response within the next two months, the Commission may decide to refer the case to the CJEU.

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2018-Max_Planck_Herr_Wahl_1355_black white_Zuschnitt.jpg
Thomas Wahl

Max Planck Institute for the Study of Crime, Security and Law (MPI CSL)

Public Law Department

Senior Researcher