Will the EU's new anti-money laundering rules have teeth?

For months, Ukraine’s political situation has made headlines. Many Ukrainians believe the turmoil is a direct consequence of a shady concoction of political cronyism and financial secrecy that allegedly allowed those close to power to funnel billions out of the country.

Investigations by journalists and anti-corruption activists have documented, for example, how the presidential palace compound, presidential planes, hunting lodges and palaces in Crimea have been owned by European compa...