Thursday, May 30, 2024

Ireland warned on EU money-laundering rules transposition

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The European Commission has issued separate warnings to Ireland over failures to transpose EU directives on money laundering, industrial emissions and transport.

The commission is to open infringement procedures against Ireland, France and Latvia for incorrectly transposing Anti-Money Laundering Directives.

In the case of Ireland, the failure refers to the current system not guaranteeing the adequacy and completeness of the information held in the Beneficial Ownership register of trusts as well as regards the accessibility of its information.

Ireland, France and Latvia have now two months to respond and address the shortcomings raised by the commission.

Industrial emissions

Separately, the European Commission has decided to send a reasoned opinion to Ireland for failing to address shortcomings in the transposition of the Industrial Emissions Directive.

The directive lays down rules designed to prevent and reduce harmful industrial emissions into air, water, and land, as well as prevent the generation of waste.

“However, Ireland’s legislation still does not correctly transpose certain permitting requirements such as compliance with emission limit values when a derogation is granted from the requirement to respect the emission levels associated with the best available techniques, some technical requirements in annexes to the Directive, and certain definitions,” the commission said.

Ireland now has two months to respond and take the necessary measures otherwise the commission may decide to refer the case to the Court of Justice of the European Union.

Transport directive

Also today, the European Commission has decided to send reasoned opinions to Ireland, Bulgaria, Estonia, Croatia, Slovenia and Slovakia calling on the member states to transpose into national laws a directive streamlining measures for advancing the realisation of the trans-European transport network.

The directive aims to ensure smoother completion of core network projects by making permit-granting and public procurement procedures clearer.

The deadline to transpose the directive into national law was 10 August 2023.

The six member states concerned now have two months to take the necessary measures otherwise, the commission may decide to refer the cases to the Court of Justice of the European Union.

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