Author: Syedur Rahman 17 July 2020
Rahman Ravelli’s Syed Rahman was asked for his thoughts by Thomson Reuters’ Regulatory Intelligence on the European Union’s Court of Justice fining Ireland and Rumania millions in euros for failing to fulfil their Fourth Money Laundering Directive (4MLD) obligations.
Syed said the case should be seen by other EU member states as a stark warning about what can happen when there is a failure to comply with 4MLD. He emphasised that the European Commission will not hesitate to take action against countries that fall short of what is required of them.
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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.