A sign in front of the office towers of the European Court of Justice. Image: DPA/PA Images A sign in front of the office towers of the European Court of Justice. Image: DPA/PA Images IRELAND HAS BEEN ordered to pay a €2 million lump sum for failing to properly implement an EU directive, in time or in full, to combat the use of financial systems for money laundering or terrorist financing.
The European Commission took a case against Ireland and Romania on 27 August 2018 for failing to reflect the directive in their national laws in time, and failing to notify the Commission. Although both countries later implemented these measures, the Court found that “the fact remains that that failure to fulfill obligations existed on the expiry of the period prescribed in the respective reasoned opinions, with the result that the effectiveness of EU law was not ensured at all times”.
#Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to youConcluding, the Court said that the point of giving a deadline by which EU member states were to transpose EU directives into national law was to “to ensure the full effectiveness of EU legislation”.
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