Investigators tighten screws on frauds involving European Community funding

Opposition concern over government’s failure to adopt latest EU directive on money-laundering

Portugal’s PSD opposition party has sent a list of questions to the Ministry of Foreign Affairs due to the government’s failure to adopt the latest EU directive focusing on the combat of money-laundering.

Says the centre-right party, Portugal’s non-compliance with Brussels’ ‘deadline’ threatens the efficiency of EU law and the international credibility of the Portuguese State. The European Commission has already threatened Portugal that it could start an infringement procedure.

But Portugal does have some time left.

Seven other member states are ‘in the same boat’ – Cyprus, Hungary, Holland, Romania, Slovakia, Slovenia and Spain – and they now all have another two months to fall in line, or face European ‘censure’.

The ‘deadline’ to adopt the new measures ended on January 10.