Info
09 June 2021
by eub2 last modified 09 June 2021
In its regular package of infringement decisions, the European Commission pursues legal action against EU Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper application of EU law for the benefit of citizens and businesses.
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The key decisions taken by the Commission are presented below and
grouped by policy area. The Commission is also closing 239 cases in
which the issues with the Member States concerned have been solved
without the Commission needing to pursue the procedure further.
A housing market that ground to a complete halt last year is suddenly white hot, as pent-up demand meets a controversial tax holiday. Conveyancers are working flat out to cope, but a process that dates back to the 19th century remains in need of urgent reform.
The United Kingdom (UK) government has added Ghana to a list of 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls.
The list of 21 countries published by the UK Government under The Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 has been approved by both Houses of the UK s Parliament.
The full list of high-risk third countries includes Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Pakistan, Iran, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen and Zimbabwe.
According to the UK government, the nations in this category pose a threat because of weak tax controls and lack of check and balance on terrorism financing and money laundering.
UK places Ghana on high-risk money laundering list graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
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With the European Union’s (“EU”) focus on strengthening its rules to prevent money laundering and terrorism financing, Ireland recently joined the ranks of member states who incorporated the EU’s financial crime regulations into domestic law. Ireland’s legislation,
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill, strengthens existing anti-money laundering legislation and gives effect to the EU’s 5
th Anti-Money Laundering Directive.
The EU’s 5
th Anti-Money Laundering Directive, among other things, seeks to (i) improve transparency on the real owners of companies; (ii) extend anti-money laundering and counter terrorism financing rules to virtual currencies, tax related services, and traders in works of art; and (iii) enhance the powers of EU Financial Intelligence Units and facilitate their cooperation. Given the public, private, and governmental interest in virtual curre