6 Amendments of Elena BĂSESCU related to 2013/0024(COD)
Amendment 45 #
Proposal for a regulation
Recital 1
Recital 1
(1) Flows of dirty money through transfers of funds can damage the stability and reputation of the financial sector and threaten the internal market and, as a final result, shake the confidence of the citizens in the rule of law. Terrorism shakes the very foundations of our society. The soundness, integrity and stability of the system of transfers of funds and confidence in the financial system as a whole could be seriously jeopardised by the efforts of criminals and their associates either to disguise the origin of criminal proceeds or to transfer funds for terrorist purposes.
Amendment 51 #
Proposal for a regulation
Recital 5
Recital 5
(5) Money laundering methods and techniques change in response to developing counter-measures. In order to foster a coherent approach in the international context in the field of combating money laundering and terrorist financing, further Union action should take account of developments at that level, namely the International Standards on combating money-laundering and the financing of terrorism and proliferation adopted in 2012 by the FATF, and in particular Recommendation 16 and the revised interpretative note for its implementation.
Amendment 53 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) Any restrictions or limitations of the individuals' fundamental rights should be fully justified and subjected to specific conditions and safeguards, as a result, the single purpose of the processing must be the prevention of money laundering and terrorist financing and personal information must not be processed for incompatible purposes.
Amendment 58 #
Proposal for a regulation
Recital 12
Recital 12
(12) IDue to the international dimension of the problem, in order to allow the authorities responsible for combating money laundering or terrorist financing in third countries to trace the source of funds used for those purposes, transfers of funds from the Union to outside the Union should carry complete information on the payer and the payee. Those authorities should be granted access to complete information on the payer only for the purposes of preventing, investigating and detecting money laundering or terrorist financing.
Amendment 63 #
Proposal for a regulation
Recital 19
Recital 19
(19) Since in criminal investigations it may not be possible to identify the data required or the individuals involved until many months, or even years, after the original transfer of funds and in order to be able to have access to essential evidence in the context of investigations, it is appropriate to require payment service providers to keep records of information on the payer and the payee for the purposes of preventing, investigating and detecting money laundering or terrorist financing. This period should be limited according to the provisions of national laws.
Amendment 117 #
Proposal for a regulation
Article 17 – paragraph 2
Article 17 – paragraph 2
2. Member States shall ensure that where obligations apply to payment services providers, in case of a breach sanctions mayshall be applied to the members of the management body and to any other individuals who under national law are responsible for the breach.