The European Commission announced on Monday that it has decided to refer France and Greece to the European Court of Justice regarding their implementation of the Second Anti-Money Laundering Directive.
According to the EC: "France has notified its transposition measures only partially and Greece has not yet communicated to the Commission any of its transposition measures for the Directive."
Although completion of implementation in France had been anticipated for the first half of 2005, the Commission revealed that it has not received to date any communication from the Member State that would suggest that the last missing piece of implementation has in fact been put in place.
Greece has changed its calendar of implementation several times, and given the lack of communication of these measures to the Commission by the Greek government, the final date of adoption of all the implementing measures remains uncertain.
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