EU urges Malta, Luxembourg to fully comply with anti-money laundering rules

European Commission sued Luxembourg for not fully applying EU anti-money laundering rules

  
The Luxembourg's national flag is seen in front of the headquarters of the Bank of Luxembourg in central Luxembourg, March 17, 2009.

The Luxembourg's national flag is seen in front of the headquarters of the Bank of Luxembourg in central Luxembourg, March 17, 2009.

REUTERS/Francois Lenoir

BRUSSELS- The European Commission said on Thursday it had adopted an opinion urging Malta's anti-money laundering supervisor to fully comply with European Union rules to prevent financial crime.

In a separate decision, the European Commission sued Luxembourg for not fully applying EU anti-money laundering rules, asking the EU Court of Justice to charge a lump sum and daily penalties until Luxembourg takes the necessary action.

(Reporting by Francesco Guarascio; editing by Foo Yun Chee) ((Francesco.Guarascio@thomsonreuters.com; @fraguarascio; +32 2 287 68 17;))