The European Commission has today initiated an infringement procedure for Portugal because it has not transposed the latest European legislation in the fight against money laundering.
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25/09/2026
by
Lusa
ANDm cause is the sixth Anti-Brancing Capitals Directive (Directive (EU) 2024/1640) which allows Member States to provide access to registers of effective beneficiaries to competent authorities, self-regulation bodies, obliged entities and persons of legitimate interest.
According to information from the Community executive, the sixth Capital Banning Directive mainly deals with organisational and institutional issues of the preventive framework for combating money laundering and terrorist financing and should have been transposed by 10 July.
The implementation of the sixth Capital Banning Directive is essential to address the weaknesses of the European Union financial system and to ensure that all Member States consistently and effectively implement their rules against money laundering.
For Brussels, investor and general public confidence in financial markets largely depends on a strict disclosure system that ensures transparency of effective ownership and corporate control structures.
On the other hand, the Commission argues that the provision of accurate and up-to-date information on effective beneficiaries is also crucial for police and judicial authorities.
Portugal has a period of two months to resolve the failure and to notify the Commission, otherwise the process will proceed to a second stage with a reasoned opinion.