ECJ IS LEGAL WATCHDOG FOR MAKING SURE EU ANTI-MONEY LAUNDERING LAWS ARE ENFORCED

BY ALAN OSBORN BOTH the strengths and the weaknesses of the European Court of Justice (ECJ) in the anti-money laundering field derive from its role as the supreme interpreter of European Union (EU) law and its responsibility for applying that law consistently through the Union. There is no appeal against ECJ rulings, and no recourse to a higher authority beyond it. But this only applies to EU laws - in other words, the slew of legislation that the EU member states have agreed between themselves to serve as the juridical under-pinning of the Union and which is ...


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