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The launch of infringement proceedings against Latvia and Slovakia this month for not fully implementing the EU's latest anti-money laundering directive, 5AMLD, raised the tally of illicit finance-related actions against the bloc's 27 nations to more than 270 in 27 years. On Feb. 15, the European Commission reprimanded Latvia for not clearly extending AML rules to cryptocurrency wallet providers and not clearly transposing the bloc's requirements for trusts at the national level; and reprimanded Slovakia for failing to address the use of legal entities for criminal purposes and ensure cooperation between AML supervisors. Italy and Spain drew censure from the...