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Henrique Salinas, Partner in charge of the Economic Penal and Compliance area of CCA Law Firm, in statements to Advocatus, comments on Portugal's delay in transposing the fifth EU directive on money laundering and its influence in the media case Luanda Leaks.
According to the CCA Partner, non-compliances are always inconvenient. However, as the directive is «published in the Official Journal» and «is intended for entities operating in the financial system», the delay of about one month "will not have very serious consequences". "This will not be the highest priority measure in criminal matters, especially since » in Portugal «the obligation to identify the last beneficiaries of legal persons is already in force", adds Henrique Salinas.
Regarding the influence it may have in the Luanda Leaks case, the Partner only specifies that "if preventive measures are involved, they will not be relevant to facts that have been practiced for several years".
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