Legal warnings have been sent to Cyprus, Portugal, the Netherlands, Hungary, Romania, Slovakia, Slovenia and Spain over delays in turning anti-money laundering rules into national laws, the European Commission said on Wednesday.

The 27 EU states adopted the 5th Anti-Money Laundering Directive in 2018 and had to implement the rules to counter dirty-money risks in a wide range of sectors, including cryptocurrency exchanges, prepaid cards and shell companies, by 10 January 2020.

The time of t...