The European Court of Justice (ECJ) has ordered Romania to pay €3 million (US$3.43 million) and Ireland €2 million for failing to follow an EU directive intended to prevent illicit financial flows (IFFs) that lead to money laundering and terrorist financing.

A court statement says that while all EU member states had until June of 2017 to transpose the European Commission’s (EC’s) anti-money laundering directive into national law, Romania and Ireland failed to fulfil their obligations for more than two years.

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