Report on EU Money Laundering Directive

The City of London has published a report on the implementation of the EU Second Money Laundering Directive in the UK, Spain, Italy, Greece, Poland and Lithuania. The Greek report was produced by Dr Yannis Avgerinos while the rest were conducted by a team of lawyers under the auspices of Jane Welch and the British Institute of International and Comparative Law. It highlights inconsistencies in implementation and enforcement of the Directive and shows that radical changes to national law are necessary in several Member States, both to ensure proper implementation of the Third Money Laundering Directive by December 2007 and consistency in tackling money laundering across the EU.

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