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A report by the City of London revealed that the European Union's Second Money Laundering Directive has been haphazardly transposed into domestic legislation, from ill-defined terminology to identity verification, in six of its member states, UK, Spain, Italy, Greece, Poland and Lithuania. "This report makes it clear that implementation of the Second Money Laundering Directive fell some way short of producing a uniform anti-money laundering regime across the EU," said Michael Snyder, Chairman, Policy and Resources Committee for the City of London. Snyder wrote in the report that it "demonstrates how a combination of imprecise terminology in the directive itself...