A news release from the EU on 14th June advised that the EU Council had adopted 2 important priority files which strengthen EU rules on explosives precursors and facilitate law-enforcement access to financial information. The reinforced rules on explosives precursors are said to ensure stronger safeguards and controls, including online, on the sale and marketing of the dangerous chemicals, which have been used to produce “home-made” explosives in a number of terror attacks in Europe. It says that the new measures on access to financial information will allow law enforcement to obtain important financial information across borders quickly, helping them fight serious crime and terrorism more effectively. The EU already has strict rules in place on access to chemical substances that can be used to produce homemade explosives, and the new EU Regulation will ban 2 additional substances (sulphuric acid and ammonium nitrate) and national authorities will be required to carry out a more in-depth check on members of the public applying for a licence to purchase restricted substances. The news release says that the new measures for cross-border access to financial information by law enforcement authorities will complement the EU AML Laundering framework while ensuring that law enforcement authorities, Asset Recovery Offices (ARO) and anti-corruption authorities to have direct access to bank account information contained in the national centralised bank account registries; greater cooperation between national law enforcement, Europol and FIU and will further facilitate the exchange of information between the national FIU; and strong procedural and data protection guarantees in line with the EU Charter of Fundamental Rights. When the Regulation is published in the Official Journal, Member States will have 18 months to 2 years to transpose the new measures into their national laws.