7 Amendments of Emil RADEV related to 2021/0239(COD)
Amendment 196 #
Proposal for a regulation
Recital 52
Recital 52
(52) Countries that are not publicly identified as subject to calls for actions or increased monitoring by international standard setters might still pose a threat to the integrity of the Union’s financial system. To mitigate those risks, it should be possible for the Commission to take action by identifying, based on a clear set of criteria and with the support of AMLA, and other EU bodies involved in the framework for combating money laundering / terrorist financing third countries posing a specific and serious threat to the Union’s financial system, which may be due to either compliance weaknesses or significant strategic deficiencies of a persistent nature in their AML/CFT regime, and the relevant mitigating measures. Those third countries should be identified by the Commission. According to the level of risk posed to the Union’s financial system, the Commission should require the application of either all enhanced due diligence measures and country-specific countermeasures, as it is the case for high-risk third countries, or country-specific enhanced customer due diligence, such as in the case of third countries with compliance weaknesses.
Amendment 241 #
Proposal for a regulation
Recital 94
Recital 94
(94) The use of large cash payments is highly vulnerable to money laundering and terrorist financing; this has not been sufficiently mitigated by the requirement for traders in goods to be subject to anti- money laundering rules when making or receiving cash payments of EUR 10 000 or more. At the same time, differences in approaches among Member States have undermined the level playing field within the internal market to the detriment of businesses located in Member States with stricter controls. It is therefore necessary to introduce a Union-wide limit to large cash payments of EUR 10 000. Member States should be able to adopt lower thresholds and further stricter provisions. In the event of a breach of this threshold or indications that the cash is linked to criminal activity, Member States should identify the owner and recipient of the cash and provide access to this information to the financial intelligence units, and in the case of indications that cash is linked to criminal activities - to law enforcement and, in cross-border cases, to Europol.
Amendment 313 #
Proposal for a regulation
Article 2 – paragraph 1 – point 31 – point d
Article 2 – paragraph 1 – point 31 – point d
(d) a public authority with designated responsibilities fpreventing or combating money laundering or terrorist financing;
Amendment 508 #
Proposal for a regulation
Article 18 – paragraph 1 – point b – point iii
Article 18 – paragraph 1 – point b – point iii
(iii) the names of the legal representatives as well as, where available, the registration number, the tax identification number and the Legal Entity Identifier. Obliged entities shall also verify that the legal entity has activities on the basis of accounting documents for the latest financial year or other relevant information;
Amendment 538 #
Proposal for a regulation
Article 18 – paragraph 4 a (new)
Article 18 – paragraph 4 a (new)
4a. By way of derogation from paragraphs 1 to 4, an obliged entity may refrain from identifying and verifying the identity of the customer or beneficial owner if it has already done so in the previous six months in accordance with the requirements set out in paragraphs 1 to 4 and there is no reasonable doubt that the information previously obtained is no longer accurate.
Amendment 844 #
Proposal for a regulation
Article 50 – paragraph 1 – introductory part
Article 50 – paragraph 1 – introductory part
1. Obliged entities shall report to the FIU all suspicious transactions,ns of money laundering, predicate offences and terrorist financing including on attempted transactions.
Amendment 849 #
Proposal for a regulation
Article 50 – paragraph 1 – subparagraph 1 – point a
Article 50 – paragraph 1 – subparagraph 1 – point a
(a) reporting to the FIU, on their own initiative, where the obliged entity knows, suspects or has reasonable grounds to suspect that funds or assets, regardless of the amount involved, are the proceeds of criminal activity or are related to terrorist financing, and by responding to requests by the FIU for additional information in such cases;