On 30th April, Shearman & Sterling published an article about EU proposals for a Directive aimed at increasing security within EU Member States and across the EU by improving access to financial information, including bank account information, to the relevant authorities and bodies in charge for the prevention, investigation and prosecution of serious forms of crimes. It is envisaged that this will enhance their ability to conduct financial investigations and analysis and improve their co-operation. In addition, the proposal contains measures to improve the ability of FIU to carry out their tasks under the 4th Money Laundering Directive. The new 5th Money Laundering Directive already will make it obligatory for Member States to establish centralised bank account registries or data retrieval systems. The proposal follows a public consultation by the Commission which ran from October 2017 to January 2018 and the Commission has published separately a summary of the responses it received to that consultation. The proposal will now be considered by the European Parliament and the Council.