European Parliament: Improved access to financial information to curb serious crime
04 December 2018
New rules improving law enforcement authorities’ access to financial information to investigate serious crimes or terrorism were approved by Civil Liberties Committee.
Financial data can offer valuable information to law enforcement authorities and can help them prevent, detect, investigate and prosecute serious crime and terrorism. The new rules aim to improve law enforcement authorities’ access to information and the cross-border exchange of financial information between EU authorities.
The new rules agreed by the Civil Liberties Committee would:
-
facilitate the competent law enforcement authorities’ access to bank account information on a case-by-case basis,
-
provide for better cooperation between member states and between law enforcement authorities and the national Financial Intelligence Unit (FIU), and
-
provide for deadlines on exchanging information to improve and speed up the process.
Full press release
© European Parliament
