Answer to Written Question: Incomplete transposition of anti-money-laundering directives by Portugal

(Source: European Parliament)



Answer given by Ms McGuinness

on behalf of the European Commission


The Commission has taken a very proactive and strong stance on the implementation of the 4th[1] and 5th[2] anti-money laundering Directives, with an in-depth analysis of completeness and correctness of Member States’ transposition and enforcement.

On 18 February 2021, the Commission addressed a letter of formal notice to Portugal on grounds of its incorrect transposition of the 4th anti-money laundering Directive, with a two-month deadline to reply. As to date, no response has been received from the national authorities, the Commission may prepare a Reasoned Opinion to address this situation. As regards transposition of the 5th anti-money laundering Directive, Portugal has notified a complete transposition, which is now being assessed by the Commission services.

The Commission will soon propose to extensively reform its anti-money laundering and countering terrorist financing regimes announced in its action plan of 7 May 2020[3].

[1] OJ L 141, 5.6.2015, p. 73–117.

[2] OJ L 156, 19.6.2018, p. 43–74.

[3] C(2020) 2800 final.

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