Source: All England Reporter
Publisher Citation: [2018] All ER (D) 72 (Jan)
Court: Court of Justice of the European Union (Fifth Chamber)
Judge:

Judges Silva de Lapuerta (Rapporteur and President of the Chamber), Fernlund, Arabadjiev, Rodin and Regan

Judgment Dates: 17 January 2018

Catchwords

European Union - Money laundering - Scope of relevant directive

The Case

European Union Money laundering. A person whose commercial activity consisted in selling companies which it had formed itself, without any prior request on the part of its potential clients, for the purposes of sale to those clients, by means of a transfer of its shares in the capital of the company being sold, fell within the scope of art 2(1), point3(c) of on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, read in conjunction with art 3, point7(a) of that directive. The Court of Justice of the European Union so held in a preliminary ruling concerning proceedings relating to compliance with the requirements set out in Czech national law transposing that directive.

Practice Areas

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