On 16 May, the EU Parliament Research Service published a briefing paper explaining that the proposed amendment would allow designated competent authorities responsible for the prevention, investigation, detection or prosecution of criminal offences to access and search Member States’ centralised bank account registers through a single access point. This would enable them to establish almost immediately whether an individual holds bank accounts in other Member States and identify to which Member States they should make a formal request for additional information.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page where you can do so, and where one-off contributions start as low as $3, at
NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!