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Can you summarize EU 2019/1153?
European Union - Directives > Directive (EU) 2019/1153 of the European Parliament and of the Council of 20 June 2019 laying down rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences, and repealing Council Decision 2000/642/JHA
Short Summary
This Directive, issued by the European Parliament and the Council of the European Union, lays down rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences. It aims to improve access to information by Financial Intelligence Units (FIUs) and public authorities responsible for the prevention, detection, investigation or prosecution of serious crime. The Directive grants direct access to information held in centralised bank account registries to designated Member States authorities competent for the prevention, detection, investigation or prosecution of criminal offences. It also requires Member States to designate competent authorities empowered to have access to the centralised bank account registries and to request information from FIUs. The Directive emphasizes the importance of cooperation between FIUs and competent authorities, and sets out rules for the exchange of financial information and financial analysis. It also includes provisions for the exchange of information between FIUs and Europol, as well as between competent authorities of different Member States. The Directive respects fundamental rights and data protection rules, and includes provisions for the processing of personal data. Council Decision 2000/642/JHA is repealed by this Directive.
Whom does it apply to?
Financial Intelligence Units (FIUs) and public authorities responsible for the prevention, detection, investigation or prosecution of serious crime
What does it govern?
Rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences
What are exemptions?
This Directive should not affect channels for exchanging information between competent authorities or their powers to obtain information from obliged entities, under Union or national law. Any access to information held in centralised registries by the national authorities for purposes other than those of this Directive or with respect to criminal offences other than those covered by this Directive falls outside the scope thereof.
What are the Penalties?
Penalties are not mentioned in the document.
Jurisdiction
European Union