Brussels fails to rein in currency scams

Report of a study from the City of London which is critical of the implementation of the EU's Second Money Laundering Directive.

The British Institute of International and Comparative Law (BIICL) examines the comparative implementation of the EU Second Money Laundering Directive. The report examines the way in which the Directive has been implemented in the United Kingdom, Spain, Italy, Greece, Poland and Lithuania and the arrangements for monitoring and enforcing compliance with the legislation. It is hoped that the findings of the report will help to identify the changes that will be required to implement the Third Money Laundering Directive by December 2007.

City of London: Comparative Implementation of EU Directives (ll) - Money Laundering, 2006 http://www.cityoflondon.gov.uk/NR/rdonlyres/528A5F1F-C1D9-4F14-8B8C-532448E2C9DA/0/BC_RS_Money_Laundering_FINALPRINTVERSION.pdf

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