On 25th June, the EU Parliament’s research service published a briefing that provides an initial analysis of the strengths and weaknesses of the European Commission’s impact assessment(IA) accompanying the proposed, submitted on 17th April, for a Directive 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.  The IA says that sharing financial information effectively among national law enforcement authorities and FIU is considered key to enable a quick and proportionate response to prevent and fight crime and terrorism.  The proposal is included in the 2018 Commission work programme and also in the Joint Declaration on the EU’s legislative priorities for 2018-2019.  The briefing’s conclusions include that the general impression is that the IA examines comprehensively the problems encountered by law enforcement and FIU, and makes a real attempt to analyse the impacts of a new measure that would improve their capabilities to collect and exchange financial data needed for cross-border criminal investigations.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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