IV AML Directive: Problems related to exchange of information between Financial Intelligence Units
DOI:
https://doi.org/10.54201/iajas.v2i2.49Keywords:
IV AML Directive, Financial Intelligence Unit, data protection, FIU.netAbstract
The presented paper is devoted to application problems in the field of ensuring international cooperation between Financial Intelligence Units. In accordance with the set goal, the author further analyses the existing application problems related to the exchange of information between the Financial Intelligence Units of the European Union. A special part of the paper focuses on the issue of the absence of uniform regulation at the level of the European Union in the area of information exchange between the European Union Financial Intelligence Units and the Financial Intelligence Units of third countries. In addition, the author further analyses the use of communication channels between the Financial Intelligence Units related to the assurance of sufficient protection of personal data.
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Regulation (EU) 2016/794 of the European Parliament and of the Council of 11 May 2016 on the European Union Agency for Law Enforcement Cooperation (Europol) and replacing and repealing Council Decisions 2009/371/JHA, 2009/934/JHA, 2009/935/JHA, 2009/936/JHA and 2009/968/JHA.
Council Directive 91/308/EEC of 10 June 1991 on prevention of the use of the financial system for the purpose of money laundering.
Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.
Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC.
Directive (EU) 2016/680 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data by competent authorities for the purposes of the prevention, investigation, detection or prosecution of criminal offences or the execution of criminal penalties, and on the free movement of such data, and repealing Council Framework Decision 2008/977/JHA.
Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU.
Council Decision of 17 October 2000 concerning arrangements for cooperation between financial intelligence units of the Member States in respect of exchanging information (2000/642/JHA).
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