{"change_dates":[],"dossier":{"amendments":[{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-31","location":[["Proposal for a directive","Recital 1"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:02"},"new":["(1) Massive flows of illicit money damage","the stability and reputation of the financial","sector and threaten the single market as","well as international development, and","terrorism shakes the very foundations of","our society. Crucial facilitators of illicit","money flows are secretive corporate","structures operating in and through","secrecy jurisdictions, often also referred","to as tax havens. In addition to the","criminal law approach, a preventive effort","via the financial system can produce","results."],"old":["(1) Massive flows of dirty money can","damage the stability and reputation of the","financial sector and threaten the single","market, and terrorism shakes the very","foundations of our society. In addition to","the criminal law approach, a preventive","effort via the financial system can produce","results."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Birgit Schnieber-Jastram","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-32","location":[["Proposal for a directive","Recital 4 a (new)"]],"meps":[96827],"meta":{"created":"2019-07-03T05:10:02"},"new":["(4a) Special attention must be paid to the","EU obligations set out in the Treaty of","Lisbon in Article 208 on Policy","Coherence for Development in order to","stem the increasing trend of money","laundering activities being moved from","developed countries with stringent","legislation into developing countries."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Nirj Deva","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-33","location":[[" Proposal for a directive","Recital 4 a (new)"]],"meps":[4556],"meta":{"created":"2019-07-03T05:10:03"},"new":["(4a) Considering that illicit financial","flows, in particular money laundering,","represent in developing countries between","6 and 8.7 % of their GDP1, an amount 10","times larger than the EU's and its","Member States assistance to the","developing world, the measures taken to","combat money laundering and terrorist","financing need to be coordinated and to","take into account the Member States' and","the EU's development strategy and","policies which aim to fight against capital","flight.","____________","1","Sources: \"Tax havens and development.","Status, analyses and measures\", NOU,","Official Norwegian Reports, 2009."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Patrizia Toia","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-34","location":[[" Proposal for a directive","Recital 5 a (new)"]],"meps":[28340],"meta":{"created":"2019-07-03T05:10:03"},"new":["(5a) Irrespective of the penalties provided","for in the Member States, the primary","objective of all the measures taken under","this Directive should be to combat all the","practices which result in substantial","illegal profits being generated by taking","all possible steps to prevent the financial","system from being used to launder these","profits."],"old":[""],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Patrizia Toia","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-35","location":[["Proposal for a directive","Recital 5 b (new)"]],"meps":[28340],"meta":{"created":"2019-07-03T05:10:03"},"new":["(5b) Attention should be paid to","remittances, i.e. money sent by migrants","resident abroad to their families or, more","generally, to their countries of origin.","Only international cash movements of this","kind which pass through official channels","are measured, and the statistics take no","account of remittances conveyed through","informal channels, such as unregistered","money transfer organisations or illegal or","criminal groupings, which operate","without regard for migrants' interests."],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-36","location":[["Proposal for a directive","Recital 11"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner of","legal persons, trusts, foundations,","mutuals, holdings and all other similar","existing or future legal arrangements is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and ensure that this information is made","publically available in form of a public","registry. In addition, trustees should","declare their status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","","","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-37","location":[[" Proposal for a directive","Recital 21"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(21) This is particularly true of business or","beneficial relationships with individuals","holding, or having held, important public","positions and important positions in","foundations and mutuals, particularly","those from countries where corruption is","widespread, within the Union and","internationally. Such relationships may","expose the financial sector in particular to","significant reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"old":["(21) This is particularly true of business","relationships with individuals holding, or","having held, important public positions,","particularly those from countries where","corruption is widespread. Such","relationships may expose the financial","sector in particular to significant","reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Birgit Schnieber-Jastram","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-38","location":[["Proposal for a directive","Recital 26 a (new)"]],"meps":[96827],"meta":{"created":"2019-07-03T05:10:03"},"new":["(26a) Because a huge proportion of illicit","financial flows ends up in tax havens, the","EU should increase its pressure on these","countries to cooperate in order to combat","money laundering and terrorist financing."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-39","location":[["Proposal for a directive","Recital 29"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(29) There have been a number of cases of","whistleblowers and employees who report","their suspicions of money laundering being","subjected to threats or hostile action.","Although this Directive cannot interfere","with Member States' judicial procedures,","this is a crucial issue for the effectiveness","of the anti-money laundering and anti-","terrorist financing system. Member States","should be aware of this problem and should","do whatever they can to protect","whistleblowers and employees from such","threats or hostile action."],"old":["(29) There have been a number of cases of","employees who report their suspicions of","money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-40","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(2a) the European Investment Bank"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-41","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 b (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(2b) The European Bank for","Reconstruction and Development"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-42","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 c (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(2c) Central Banks of the Member States","when performing or facilitating","commercial or private transactions"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-43","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 d (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(2d) Central Settlement Systems"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-44","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point b \u2013 point v"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(v) creation, operation or management of","trusts, companies, foundations, mutuals or","similar structures;"],"old":["(v) creation, operation or management of","trusts, companies or similar structures;"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-45","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:03"},"new":["(fa) Member States shall prohibit cash","transfers exceeding 10000 Euros, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Patrizia Toia","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-46","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 introductory part"]],"meps":[28340],"meta":{"created":"2019-07-03T05:10:03"},"new":["(4) \"criminal activity\" means any kind of","criminal involvement in the commission of","serious offences, including at least:"],"old":["(4) \"criminal activity\" means any kind of","criminal involvement in the commission of","the following serious crimes:"],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-47","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point i \u2013 paragraph 1"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["A percentage of 10 % plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"old":["A percentage of 25 % plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-48","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point b \u2013 point i"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["(i) the natural person(s) who exercises","control over 10 % or more of the property","of a legal arrangement or entity; and"],"old":["(i) the natural person(s) who exercises","control over 25 % or more of the property","of a legal arrangement or entity; and"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-49","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point b \u2013 point ii"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["(ii) where the future beneficiaries have","already been determined, the natural","person(s) who is the beneficiary of 10 % or","more of the property of a legal arrangement","or entity; or"],"old":["(ii) where the future beneficiaries have","already been determined, the natural","person(s) who is the beneficiary of 25 % or","more of the property of a legal arrangement","or entity; or"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-50","location":[["Proposal for a directive","Article 4 \u2013 paragraph 2 a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["2a. The European Investment Bank and","the European Bank for Reconstruction","and Development shall adopt and publish","on their website an anti-money","laundering policy, containing detailed","procedures that give effect to provisions","under this Directive."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-51","location":[["Proposal for a directive","Article 5 a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["Article 5 a","Equivalence","1. The Commission shall by means of","delegated acts in accordance with Article","58a adopt decisions on the recognition of","the legal and supervisory framework of","jurisdictions outside the Union as","compliant with minimum standards of","good governance in tax matters as defined","by Commission Recommendation C(2012)","8805 and equivalent to the minimum","requirements of this Directive.","2. As of January 2018, corporate or legal","entities, including trusts, foundations,","mutuals, holdings and all other similar, in","terms of structure or function, existing or","future legal arrangements, established, or","governed under the law of, jurisdictions","outside the Union not deemed compliant","and equivalent, shall be prohibited from","operating within the Union."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-52","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["2. The Commission shall make the opinion","available publicly to assist Member States","and obliged entities to identify, manage","and mitigate the risk of money laundering","and terrorist financing, and to allow other","stakeholders including legislators to better","understand the financial risks."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-53","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point b"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["(b) Further to the identification of the","beneficial owners as listed in the public","registry pursuant to article 29, taking","reasonable measures to verify their identity","so that the institution or person covered by","this Directive is fully satisfied that it knows","who the beneficial owners are, including,","as regards legal persons, trusts,","foundations, mutuals, holdings and all","other similar existing or future legal","arrangements, taking all necessary","measures to understand the ownership and","control structure of the customer;"],"old":["(b) identifying the beneficial owner and","taking reasonable measures to verify his","identity so that the institution or person","covered by this Directive is satisfied that it","knows who the beneficial owner is,","including, as regards legal persons, trusts","and similar legal arrangements, taking","reasonable measures to understand the","ownership and control structure of the","customer;"],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"53","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-54","location":[["Proposal for a directive","Article 12 \u2013 paragraph 2"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["deleted"],"old":["2. By way of derogation from paragraph","1, Member States may allow the","verification of the identity of the customer","and the beneficial owner to be completed","during the establishment of a business","relationship if this is necessary not to","interrupt the normal conduct of business","and where there is little risk of money","","laundering or terrorist financing","occurring. In such situations these","procedures shall be completed as soon as","practicable after the initial contact."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"54","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-55","location":[[" Proposal for a directive","Article 12 \u2013 paragraph 3"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["deleted"],"old":["3. By way of derogation from paragraphs","1 and 2, Member States may allow the","opening of a bank account provided that","there are adequate safeguards in place to","ensure that transactions are not carried","out by the customer or on its behalf until","full compliance with paragraphs 1 and 2","is obtained."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"55","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-56","location":[[" Proposal for a directive","Article 16 \u2013 paragraph 2"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:04"},"new":["2. Member States shall require obliged","entities to examine the background and","purpose of all complex, unusual large","transactions, and all unusual patterns of","transactions, which have no apparent","economic or lawful purpose, or which","constitute tax crimes amounting to","criminal activity within the meaning of","Article 3(4)(f), or which are constitutive of","aggressive tax planning as defined by","Commission recommendation C(2012)","8806. In particular, they shall increase the","degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious. In case an","obliged entity determines such unusual or","suspicious transaction or activity, it shall","without delay inform the FIUs of all","Member States that might be concerned."],"old":["2. Member States shall require obliged","entities to examine, as far as reasonably","possible, the background and purpose of all","complex, unusual large transactions, and","all unusual patterns of transactions, which","have no apparent economic or lawful","purpose. In particular, they shall increase","the degree and nature of monitoring of the","","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"56","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-57","location":[["Proposal for a directive","Article 18 a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["Article 18 a","Moreover, EBA, EIOPA and ESMA shall","provide a qualified list of intra \u2013EU","Politically Exposed Persons."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"57","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-58","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["1. Member States shall ensure that","corporate or legal entities, including trusts,","foundations, mutuals, holdings and all","other similar, in terms of structure or","function, existing or future legal","arrangements established within their","territory, or governed under their law","obtain, hold and transmit to a public","registry pursuant to paragraph 4 of this","article, adequate, accurate and current","information on their beneficial ownership,","at the moment of establishment or any","changes thereof. The public registry shall","contain but not be limited to the following","information:","a) name and legal form of the corporate","or legal entity,","b) address","c) basic regulatory powers","d) list of directors","e) shareholder information including","names, dates of birth and addresses, the","number of shares per shareholder, and","categories of shares.","The requirements stipulated in this","paragraph are without prejudice to the","customer due diligence provisions of this","directive."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","","on their beneficial ownership."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"58","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-59","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["2. 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Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"60","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Emer Costello","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-61","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[112071],"meta":{"created":"2019-07-03T05:10:05"},"new":["2a. Member States shall rapidly,","constructively and effectively provide","international cooperation in relation to","company information, including","beneficial ownership information such as","their date(s) of birth, nationality and","country(ies) of residence."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"61","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Patrizia Toia","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-62","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[28340],"meta":{"created":"2019-07-03T05:10:05"},"new":["2a. Member States shall ensure that","details of the measures referred to in","paragraph 1 are automatically exchanged","between the Member States."],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"62","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-63","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["2a. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"63","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-64","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["2b. Member States shall ensure that the","information referred to paragraphs 1, 2","and 3 of this article is displayed in a","public beneficial ownership registry in a","timely, comprehensive and","comprehensible manner before end of","2014. Any changes to the information","required shall be clearly indicated in the","registry without delay and at latest within","30 days."],"old":[""],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"64","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-65","justification":"Prone to abuse, according to Investopedia a bearer share is \"an equity security that is wholly\nowned by whoever holds the physical stock certificate. The issuing firm neither registers the\nowner of the stock, nor does it track transfers of ownership. Because the share is not\nregistered to any authority, transferring the ownership of the stock involves only delivering\nthe physical document. Bearer shares lack the regulation and control of common shares\nbecause ownership is never recorded.\"","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["2c. For the purposes of this article,","Member States shall establish effective","anti-abuse measures with a view to","preventing misuse based on bearer shares","and bearer share warrants."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"65","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-66","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 d (new)"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:05"},"new":["2d. Sanctions for non-compliance with","this article shall be applied in accordance","with article 55 of this directive."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"66","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-67","justification":"No longer needed as obligations concerning trusts are incorporated in article 29 as amended\nby Eva Joly and Bart Staes.","location":[[" Proposal for a directive","Article 30"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:06"},"new":["deleted"],"old":["Article 30","1. 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Member States shall ensure that","measures corresponding to those in","","paragraphs 1, 2 and 3 apply to other types","of legal entity and arrangement with a","similar structure and function to trusts."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"67","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Patrizia Toia","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-68","location":[["Proposal for a directive","Article 30 \u2013 paragraph 1"]],"meps":[28340],"meta":{"created":"2019-07-03T05:10:06"},"new":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust. Member States shall establish and","regularly update a register by means of","which the abovementioned information","can be freely consulted by the public and","automatically exchanged between","Member States."],"old":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust."],"orig_lang":"it","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"68","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Emer Costello","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-69","location":[["Proposal for a directive","Article 30 \u2013 paragraph 1 a (new)"]],"meps":[112071],"meta":{"created":"2019-07-03T05:10:06"},"new":["1a. 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It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"73","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Birgit Schnieber-Jastram","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-74","location":[[" Proposal for a directive","Article 54 a (new)"]],"meps":[96827],"meta":{"created":"2019-07-03T05:10:06"},"new":["Article 54 a","The European Commission should","increase its pressure on the tax havens to","improve their cooperation and exchange","of information in order to combat money","laundering and terrorist financing."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"74","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-75","location":[[" Proposal for a directive","Article 55 \u2013 paragraph 1"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:06"},"new":["1. 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Those measures and sanctions","shall be effective, proportionate and","dissuasive."],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"76","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Joly, Bart Staes on behalf of the Verts/ALE Group","changes":{},"committee":["DEVE"],"date":"2013-09-09T00:00:00","id":"PE516.924-77","location":[["Proposal for a directive","Article 56 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96883,4751],"meta":{"created":"2019-07-03T05:10:06"},"new":["1. This Article shall at least apply to","situations where obliged entities, or any","legal entity pursuant to Article 29,","demonstrate systematic failings in relation","to the requirements of the following","Articles:"],"old":["1. 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That period shall be extended","by two months at the initiative of the","European Parliament or the Council."],"old":[""],"orig_lang":"en","peid":"PE516.924v01-00","reference":"2013/0025(COD)","seq":"79","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.924+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-414","justification":"Auditors, tax advisors and lawyers, in particular, have a duty of care to ensure that their\nservices do not facilitate tax crimes or aggressive tax avoidance and should inform the\nappropriate competent authority of any suspicious activity where necessary.","location":[["Proposal for a directive","Article 31 \u2013 paragraph 1 a (new)"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:16:01"},"new":["1a. The persons referred to in Article","2(1)(3)(a), (b), and (d), shall inform the","FIU and / or appropriate self-regulatory","body of the profession concerned, as","detailed in Article 33(1), if they suspect, or","have reasonable grounds to suspect that","their services are being misused for the","purpose of criminal activity, in particular,","that which is defined in Article 3 (4), and","aggressive tax avoidance."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"414","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Graham Watson, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-94","location":[["Draft legislative resolution","Citation 8 a (new)"]],"meps":[33570,1394,2155,4274],"meta":{"created":"2019-07-03T05:15:58"},"new":["- having regard to commitments made at","the G8 Summit of June 2013 in Northern","Ireland;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"94","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-415","justification":" Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks.","When, within a FIU, more than one unit","is competent to carry out official controls,","efficient and effective coordination and","cooperation shall be ensured between the","different units.","When a Member State confers the","competence to carry out official controls","on a FIU or FIUs other than a central","FIU, in particular those at regional or","local level, efficient and effective","coordination shall be ensured between all","FIUs involved"],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"415","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-95","location":[["Draft legislative resolution","Citation 8 b (new)"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:15:58"},"new":["- having regard to the European","Commission's recommendations of","December 6th 2012 on aggressive tax","planning;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"95","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-416","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as an","operationally independent and","autonomous central national unit. It shall","be responsible for receiving and analysing","suspicious transaction reports and other","information relevant to potential money","laundering, associated predicate offences","or potential terrorist financing. The FIU","shall be responsible for disseminating the","results of its analysis to all competent","authorities, when there are grounds to","suspect money laundering, associated","predicate offences or terrorist financing. It","shall be able to obtain relevant additional","information from obliged entities. The","FIU shall be provided with adequate","financial, technical and human resources","in order to fulfil its tasks. Member States","shall ensure that the FIU is free from","undue interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating","to the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or","are required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks.","",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"416","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-96","location":[["Draft legislative resolution","Citation 8 c (new)"]],"meps":[33570,4274],"meta":{"created":"2019-07-03T05:15:58"},"new":["- having regard to the OECD Secretary","General Progress Report to the G20 on","September 5th 2013;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"96","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-417","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, including tax crimes, potential","terrorist financing or are required by","national legislation or regulation. The FIU","shall be provided with adequate financial,","technical and human resources in order to","fulfil its tasks. Member States shall ensure","that the FIU is free from undue","interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"417","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-97","location":[[" Draft legislative resolution","Citation 8 d (new)"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:15:59"},"new":["- having regard to the draft opinion of the","Economic and Monetary Affairs","Committee on the Directive amending","Council Directive 78/660/EEC and","84/349/EEC as regards disclosure and","non-financial and diversity information","by certain large companies as groups;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"97","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cecilia Wikstr\u00f6m","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-418","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96677],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, including tax crimes, potential","terrorist financing or are required by","national legislation or regulation. The FIU","shall be provided with adequate financial,","technical and human resources in order to","fulfil its tasks. Member States shall ensure","that the FIU is free from undue","interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"418","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-98","location":[[" Proposal for a directive","Recital 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:15:59"},"new":["(1) Massive flows of dirty money can","damage the stability and reputation of the","financial sector and threaten the single","market, and terrorism shakes the very","foundations of our society. In addition to","further developing the criminal law","approach at EU level, prevention via the","financial system is indispensable and","complementary."],"old":["(1) Massive flows of dirty money can","damage the stability and reputation of the","financial sector and threaten the single","market, and terrorism shakes the very","foundations of our society. In addition to","the criminal law approach, a preventive","effort via the financial system can produce","results."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"98","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-99","location":[[" Proposal for a directive","Recital 2"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:15:59"},"new":["(2) The soundness, integrity and stability of","credit and financial institutions 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 channel lawful or unlawful","money for terrorist purposes. In order to","facilitate their criminal activities, money","launderers and terrorist financers could try","to take advantage of the freedom of capital","movements and the freedom to supply","financial services which the integrated","financial area entails, if certain","coordinating measures are not adopted at","Union level. At the same time, the","objectives of protection of society from","criminals and protection of the stability","and integrity of the European financial","system shall be balanced against the need","to create a regulatory environment that","allows companies to grow their businesses","without incurring disproportionate","compliance costs. Any requirement","imposed on obliged entities to fight money","laundering and terrorist financing must","therefore be justified and proportionate."],"old":["(2) The soundness, integrity and stability of","credit and financial institutions 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 channel lawful or unlawful","money for terrorist purposes. In order to","facilitate their criminal activities, money","launderers and terrorist financers could try","to take advantage of the freedom of capital","movements and the freedom to supply","financial services which the integrated","financial area entails, if certain","coordinating measures are not adopted at","Union level."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"99","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-419","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, including tax crimes, potential","terrorist financing or are required by","national legislation or regulation. The FIU","shall be provided with adequate financial,","technical and human resources in order to","fulfil its tasks. Member States shall ensure","that the FIU is free from undue","interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"419","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-100","location":[["Proposal for a directive","Recital 2"]],"meps":[28171],"meta":{"created":"2019-07-03T05:15:59"},"new":["(2) The soundness, integrity and stability of","credit and financial institutions 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 channel lawful or unlawful","money for terrorist purposes. In order to","facilitate their criminal activities, money","launderers and terrorist financers could try","to take advantage of the freedom of capital","movements and the freedom to supply","financial services which the integrated","financial area entails. Therefore, certain","coordinating measures are necessary at","Union level."],"old":["(2) The soundness, integrity and stability of","credit and financial institutions 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 channel lawful or unlawful","money for terrorist purposes. In order to","facilitate their criminal activities, money","launderers and terrorist financers could try","to take advantage of the freedom of capital","movements and the freedom to supply","financial services which the integrated","financial area entails, if certain","coordinating measures are not adopted at","Union level."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"100","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monica Luisa Macovei, V\u00e9ronique Mathieu Houillon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-420","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96824,4412],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate financial, technical and human","resources in order to fulfil its tasks.","Member States shall ensure that the FIU","is free from undue interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"420","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-101","location":[[" Proposal for a directive","Recital 3"]],"meta":{"created":"2019-07-03T05:15:59"},"new":["(3) The current proposal is the fourth","Directive to deal with the threat of money","laundering. Council Directive 91/308/EEC","of 10 June 1991 on prevention of the use of","the financial system for the purpose of","money laundering25 defined money","laundering in terms of drugs offences and","imposed obligations solely on the financial","sector. Directive 2001/97/EC of the","European Parliament and of the Council of","December 2001 amending Council","Directive 91/308/EEC26 extended the scope","both in terms of the crimes covered and the","range of professions and activities covered.","In June 2003 the Financial Action Task","Force (hereinafter referred to as the FATF)","revised its Recommendations to cover","terrorist financing, and provided more","detailed requirements in relation to","customer identification and verification,","the situations where a higher risk of money","laundering may justify enhanced measures","and also situations where a reduced risk","may justify less rigorous controls. These","changes were reflected in 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 financing27 and","Commission Directive 2006/70/EC of 1","August 2006 laying down implementing","measures for Directive 2005/60/EC of the","European Parliament and of the Council as","regards the definition of politically exposed","person and the technical criteria for","simplified customer due diligence","procedures and for exemption on grounds","of a financial activity conducted on an","occasional or very limited basis28 . In","implementing the FATF","Recommendations, the European Union","should fully respect its data protection","law, as well as the provisions of the EU","Charter of Fundamental Rights and of","the European Convention on Human","Rights.","__________________","25","OJ L 166, 28.6.1991, p. 77.","26","OJ L 344, 28.12.2001, p. 76.","27","OJ L 309, 25.11.2005, p. 15.","28","OJ L 214, 4.8.2006, p. 29."],"old":["(3) The current proposal is the fourth","Directive to deal with the threat of money","laundering. Council Directive 91/308/EEC","of 10 June 1991 on prevention of the use of","the financial system for the purpose of","money laundering25 defined money","laundering in terms of drugs offences and","imposed obligations solely on the financial","sector. Directive 2001/97/EC of the","European Parliament and of the Council of","December 2001 amending Council","Directive 91/308/EEC26 extended the scope","both in terms of the crimes covered and the","range of professions and activities covered.","In June 2003 the Financial Action Task","Force (hereinafter referred to as the FATF)","revised its Recommendations to cover","terrorist financing, and provided more","detailed requirements in relation to","customer identification and verification,","the situations where a higher risk of money","laundering may justify enhanced measures","and also situations where a reduced risk","may justify less rigorous controls. These","","changes were reflected in 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 financing27 and","Commission Directive 2006/70/EC of 1","August 2006 laying down implementing","measures for Directive 2005/60/EC of the","European Parliament and of the Council as","regards the definition of politically exposed","person and the technical criteria for","simplified customer due diligence","procedures and for exemption on grounds","of a financial activity conducted on an","occasional or very limited basis28 .","__________________","25","OJ L 166, 28.6.1991, p. 77.","26","OJ L 344, 28.12.2001, p. 76.","27","OJ L 309, 25.11.2005, p. 15.","28","OJ L 214, 4.8.2006, p. 29."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"101","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-421","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate financial, human, and technical","resources in order to fulfil its tasks."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"421","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-422","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. Member States shall ensure","that the FIU is provided with adequate","financial and human resources in order to","fulfil its tasks."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"422","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-102","location":[["Proposal for a directive","Recital 4"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:15:59"},"new":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be compatible","with and at least as stringent as other","action undertaken in the international fora.","It is noted that avoiding tax and","mechanisms of non-disclosure and","concealment can be used as strategies","employed in money laundering and","terrorist financing in order to avoid","detection. The European Union action","should continue to take particular account","of the Recommendations of the FATF,","which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"old":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","action should continue to take particular","account of the Recommendations of the","FATF, which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"102","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-423","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meta":{"created":"2019-07-03T05:16:01"},"new":["3. The FIU shall be established as an","operationally independent central national","unit. It shall be responsible for receiving","(and to the extent permitted, requesting),","analysing suspicious transaction reports","and other information which concerns","potential money laundering or associated","predicate offences, including tax crimes","or, potential terrorist financing, as required","by national legislation or regulation. The","FIU shall be provided with adequate","resources in order to fulfil its tasks."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating","to the competent authorities, disclosures","of information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or","are required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"423","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-103","location":[[" Proposal for a directive","Recital 4"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:15:59"},"new":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","action should continue to take particular","account of the Recommendations of the","FATF, and other international bodies","active in the fight against money","laundering and terrorist financing. With the","view to reinforce the efficacy of the fight","against money laundering and terrorist","financing, Directives 2005/60/EC and","2006/70/EC should, where appropriate, be","aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"old":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","","action should continue to take particular","account of the Recommendations of the","FATF, which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"103","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-424","location":[["Proposal for a directive","Article 31 \u2013 paragraph 4"]],"meta":{"created":"2019-07-03T05:16:01"},"new":["4. Member States shall ensure that the FIU","has access, directly or indirectly, on a","timely basis, to the financial,","administrative and law enforcement","information that it requires to properly","fulfil its tasks. In addition, FIUs shall","respond to requests for information by law","enforcement authorities in their Member","State unless there are factual reasons to","assume that the provision of such","information would have a negative impact","on ongoing investigations or analyses, or,","in exceptional circumstances, where","divulgation of the information would be","clearly disproportionate to the legitimate","interests of a natural or legal person or","irrelevant with regard to the purposes for","which it has been requested. Member","States shall require law enforcement","authorities to provide feedback to the FIU","about the use made of the information","provided."],"old":["4. Member States shall ensure that the FIU","has access, directly or indirectly, on a","timely basis, to the financial,","administrative and law enforcement","information that it requires to properly","fulfil its tasks. In addition, FIUs shall","respond to requests for information by law","enforcement authorities in their Member","State unless there are factual reasons to","assume that the provision of such","information would have a negative impact","on ongoing investigations or analyses, or,","in exceptional circumstances, where","divulgation of the information would be","clearly disproportionate to the legitimate","interests of a natural or legal person or","irrelevant with regard to the purposes for","which it has been requested."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"424","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monica Luisa Macovei, V\u00e9ronique Mathieu Houillon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-104","location":[["Proposal for a directive","Recital 5"]],"meps":[96824,4412],"meta":{"created":"2019-07-03T05:15:59"},"new":["(5) Furthermore, the misuse of the financial","system to channel criminal or even clean","money to terrorist purposes poses a clear","risk to the integrity, proper functioning,","reputation and stability of the financial","system. Accordingly, the preventive","measures of this Directive should cover not","only the manipulation of money derived","from crime but also the collection of","money or property for terrorist purposes. It","should also address the vulnerabilities of","the financial systems in the different EU","Member States."],"old":["(5) Furthermore, the misuse of the financial","system to channel criminal or even clean","money to terrorist purposes poses a clear","risk to the integrity, proper functioning,","reputation and stability of the financial","system. Accordingly, the preventive","measures of this Directive should cover not","only the manipulation of money derived","from crime but also the collection of","money or property for terrorist purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"104","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-425","location":[["Proposal for a directive","Article 31 \u2013 paragraph 5"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:02"},"new":["5. Member States shall ensure that the FIU","is empowered to take urgent action, either","directly or indirectly, when there is a","suspicion that a transaction is related to","money laundering or terrorist financing, to","suspend or withhold consent to a","transaction going ahead in order to analyse","the transaction and confirm the suspicion.","Member States shall ensure that FIUs","have the legal powers to carry out official","controls and to take the measures","provided for in this Directive."],"old":["5. Member States shall ensure that the FIU","","is empowered to take urgent action, either","directly or indirectly, when there is a","suspicion that a transaction is related to","money laundering or terrorist financing, to","suspend or withhold consent to a","transaction going ahead in order to analyse","the transaction and confirm the suspicion."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"425","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-426","justification":"Equivalent to Regulation (EC) 882/2004","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 6 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:02"},"new":["6a. 1.The FIUs shall ensure:","(a) the effectiveness and appropriateness","of official controls on the implementation","of the rules laid down in the Directive;","(b) that staff carrying out official controls","are free from any conflict of interest;","(c) that they have, or have access to, a","sufficient number of suitably qualified","and experienced staff so that official","controls can be carried out efficiently and","effectively;","(d) that they have appropriate and","properly maintained facilities and","equipment to ensure that staff can","perform official controls efficiently and","effectively;","2. FIUs shall ensure the impartiality,","quality and consistency of official controls","at all levels. The criteria listed in","paragraph 1 must be fully respected by","every FIU on which the competence to","carry out official controls is conferred."],"old":["",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"426","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"S\u0142awomir Nitras","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-105","justification":" Lowering the threshold on cash transactions to 7 500 EUR made or received by natural and\n legal persons trading in goods will result in including in scope of the Directive significant\n number of entities including SMEs. Introduction of such a provision could be\n disproportionally burdensome on legitimate businesses and FIUs in relation to the results\n possible to achieve.","location":[["Proposal for a directive","Recital 6"]],"meps":[96794],"meta":{"created":"2019-07-03T05:15:59"},"new":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 15 000 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"old":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 7 500 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"orig_lang":"pl","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"105","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-427","justification":"Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 31 \u2013 paragraph 6 b (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:02"},"new":["6b. FIUs shall carry out internal audits or","may have external audits carried out, and","shall take appropriate measures in the","light of their results, to ensure that they","are achieving the objectives of this","Directive. These audits shall be subject to","independent scrutiny and shall be carried","out in a transparent manner."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"427","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Roberta Angelilli","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-106","location":[[" Proposal for a directive","Recital 6"]],"meps":[1941],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 7 500 or","more."],"old":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 7 500 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"orig_lang":"it","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"106","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-428","justification":" Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 31 \u2013 paragraph 6 c (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:02"},"new":["6c. The Commission shall coordinate","without delay the action undertaken by","Member States when it, further to","information received from Member States","or from other sources, becomes aware of","activities that are, or appear to be,","contrary to anti money laundering law","and are of particular interest at","Community level, and in particular when:","(a) such activities have, or might have,","ramifications in several Member States;","(b) it appears that similar activities have","been carried out in several Member","States; or","(c) Member States are unable to agree on","appropriate action to address non-","compliance.","When official controls at destination show","repeated non-compliance, the FIU that","has carried out the control shall inform","the Commission and the FIU of the other","Member States without delay.","The Commission may:","(a) in collaboration with the Member","State concerned, send an inspection team","to carry out an official control on-the-","spot;","(b) request that the competent authority of","the Member State of dispatch intensify","relevant official controls and report on","the action and measures taken."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"428","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ivo Belet","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-107","location":[["Proposal for a directive","Recital 6"]],"meps":[28257],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","should be covered by this Directive to the","extent that they make or receive cash","payments of EUR 7 500 or more. Member","States may decide to adopt stricter","provisions including a lower threshold."],"old":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 7 500 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"orig_lang":"nl","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"107","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-429","location":[[" Proposal for a directive","Article 32 \u2013 paragraph 2"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:02"},"new":["2. The information referred to in paragraph","1 of this Article shall be forwarded to the","FIU of the Member State in whose territory","the institution or person forwarding the","information is situated, alternatively to the","FIU of the Member State where the","obliged entity is established. The person or","persons designated in accordance with the","procedures provided for in Article 8(4)","shall forward the information."],"old":["2. The information referred to in paragraph","1 of this Article shall be forwarded to the","FIU of the Member State in whose territory","the institution or person forwarding the","information is situated. The person or","persons designated in accordance with the","procedures provided for in Article 8(4)","shall forward the information."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"429","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-108","location":[["Proposal for a directive","Recital 6 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6a) Electronic money products are","increasingly used as a substitute for bank","accounts and should be submitted to strict","obligations to prevent money laundering","and terrorist financing. However,","electronic money products may be","exempted from customer due diligence, if","certain accumulative conditions are","fulfilled. The use of electronic money that","is issued without performing customer","due diligence should only be allowed to","purchase goods and services from","merchants and providers which are","identified and whose identification is","verified by the electronic money issuer. It","should not be allowed to use electronic","money without performing customer due","diligence for person-to-person transfers.","The amount stored electronically should","be sufficiently low in order to avoid","loopholes and to make sure that a person","cannot obtain an unlimited amount of","anonymous electronic money products."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"108","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-109","justification":"The fourth directive must follow the FATF recommendations, which strictly prohibit\nanonymous accounts and ask for risks arising from the emergence of new payment methods to\nbe taken into account. Electronic money accounts may be anonymous accounts and it is\nimportant to be able to counter this new risk. To deal with these new risks, it is proposed to\nstrengthen the conditions in which electronic money may be subject to exemptions from\ndiligence measures.","location":[[" Proposal for a directive","Recital 6 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6a) Use of electronic money products is","increasingly regarded as a substitute for a","bank account and must be subject to the","conditions for combating money","laundering and terrorist financing.","However, in certain cases, electronic","money products may be exempt from","diligence measures if very strictly defined","conditions are met. In those","circumstances, electronic money issued","without being subject to diligence","measures may be used solely for the","purchase of goods and services from","traders and suppliers whose identity can","be verified by the issuer of the electronic","money, at least at the time of payment. It","may not be used for person-to-person","payments. Furthermore, the amount","stored electronically should be low","enough to prevent security breaches and","ensure that no one is able to obtain","unlimited amounts of anonymous","electronic money."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"109","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-110","justification":"The role of real estate agents varies across the Member States. Their activities include setting\nup contacts and involvement in financing and conveyancing. Only those activities connected\nwith financial transactions are significant in terms of preventing money laundering (see\nRecommendation No 22 of the FATF). This will help the Member States to implement the\nDirective in a unified and purposeful way.","location":[["Proposal for a directive","Recital 6 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6a) Real estate agents are active in many","different ways in the field of property","transactions in the Member States. In","order to reduce the risk of money-","laundering in the property sector they","should be included in the scope of the","Directive if they are involved in financial","transactions relating to property as part of","their professional activities."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"110","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-430","justification":"Suspicious activity should be reported to the FIU of the home or branch member state only.\nTogether with the varying reporting and language requirements of law enforcement agencies,\na local reporting requirement would result in a significant increase of the compliance burden.","location":[["Proposal for a directive","Article 32 \u2013 paragraph 2"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:02"},"new":["2. The information referred to in paragraph","1 of this Article shall be forwarded to the","FIU of the Member State in whose territory","the obliged entity is established. The","person or persons designated in accordance","with the procedures provided for in Article","8(4) shall forward the information."],"old":["2. The information referred to in paragraph","1 of this Article shall be forwarded to the","FIU of the Member State in whose territory","the institution or person forwarding the","information is situated. The person or","persons designated in accordance with the","procedures provided for in Article 8(4)","shall forward the information."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"430","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ivo Belet","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-111","location":[[" Proposal for a directive","Recital 6 a (new)"]],"meps":[28257],"meta":{"created":"2019-07-03T05:16:00"},"new":["(6a) As independent research has","established that the football industry is","vulnerable to, and attractive for, criminal","activities and laundering practices, the","industry needs to be made subject to anti-","laundering rules."],"orig_lang":"nl","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"111","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" V\u00e9ronique Mathieu Houillon, Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-431","location":[[" Proposal for a directive","Article 32 \u2013 paragraph 2 a (new)"]],"meps":[4412,96824],"meta":{"created":"2019-07-03T05:16:02"},"new":["2a. Without prejudice of paragraph 1,","Member States shall require obliged","entities to address systematically to the","FIU of each Member State concerned by","the operation reported, other kind of","information, such as threshold-based","transactions defined at national level on","specific situations considered at risk for","money laundering and financing","terrorism, with all relevant elements of","information."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"431","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Bill Newton Dunn, Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-112","justification":"Legal professionals have a duty of care to ensure that the services they provide are not used\nfor the purpose of tax evasion and aggressive tax avoidance - which can be part of an \u2018under\nthe radar\u2019 strategy for money laundering and terrorist financing.","location":[[" Proposal for a directive","Recital 7"]],"meps":[33570,1394,114268,4274],"meta":{"created":"2019-07-03T05:16:00"},"new":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal","activity, terrorist financing, criminal","activity as defined in Article 3 (4) or","aggressive tax avoidance. There should,","however, be exemptions from any","obligation to report information obtained","either before, during or after judicial","proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering, terrorist financing,","criminal activity as defined in Article 3(4)","or aggressive tax avoidance, the legal","advice is provided for money laundering,","terrorist financing purposes, criminal","activity as defined in Article 3(4) or","aggressive tax avoidance, or the lawyer","knows that the client is seeking legal","advice for money laundering or terrorist","financing purposes, criminal activity as","defined in Article 3(4) or aggressive tax","avoidance."],"old":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal activity","or for the purpose of terrorist financing.","There should, however, be exemptions","from any obligation to report information","obtained either before, during or after","judicial proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering or terrorist financing,","the legal advice is provided for money","laundering or terrorist financing purposes","or the lawyer knows that the client is","seeking legal advice for money laundering","or terrorist financing purposes.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"112","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-432","location":[[" Proposal for a directive","Article 33 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[109337],"meta":{"created":"2019-07-03T05:16:03"},"new":["By way of derogation from Article 32(1),","Member States may, in the case of the","persons referred to in Article 2(1)(3)(a),","(b), (d) and (e) and those professions and","categories of undertaking referred to in","Article 4, designate an appropriate self-","regulatory body of the profession","concerned as the authority to receive the","information referred to in Article 32(1)."],"old":["By way of derogation from Article 32(1),","Member States may, in the case of the","persons referred to in Article 2(1)(3)(a),","(b), and (d) designate an appropriate self-","regulatory body of the profession","concerned as the authority to receive the","information referred to in Article 32(1)."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"432","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-433","location":[["Proposal for a directive","Article 33 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:03"},"new":["By way of derogation from Article 32(1),","Member States must, in the case of the","persons referred to in Article 2(1)(3)(a),","(b), and (d) provide the self-regulatory","body of the profession concerned with the","option of being the authority to receive the","information referred to in Article 32(1).","In all circumstances, Member States must","provide the means and manner to achieve","the protection of professional secrecy,","confidentiality and privacy."],"old":["By way of derogation from Article 32(1),","Member States may, in the case of the","persons referred to in Article 2(1)(3)(a),","(b), and (d) designate an appropriate self-","regulatory body of the profession","concerned as the authority to receive the","information referred to in Article 32(1)."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"433","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-113","justification":" Obliged entities and legal professionals have a duty of care to ensure that the services they\n provide are not used for the purpose of aggressive tax avoidance and planning - which can\n assist or lead to money laundering and terrorist financing.","location":[["Proposal for a directive","Recital 9"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:16:00"},"new":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations. The European Council","of 23 May 2013 called for the need to deal","with tax evasion and fraud and to fight","money laundering, within the internal","market and vis-\u00e0-vis non-cooperative","third countries and jurisdictions, in a","comprehensive manner. The definition of","tax crimes is an important step in this","regard, as too is public disclosure of","certain financial information by large","Companies operating in the Union on a","country-by-country basis, which assists","with detection of tax crimes. Furthermore,","it is also important to ensure that obliged","entities and legal professionals, as defined","by Member States, do not seek to frustrate","the intent of this Directive nor facilitate or","engage in, aggressive tax planning."],"old":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"113","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-114","location":[[" Proposal for a directive","Recital 9"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:00"},"new":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations. Differences in","national definition should not impede the","exchange of information between FIUs","and other competent authorities."],"old":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"114","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-434","location":[["Proposal for a directive","Article 33 \u2013 paragraph 2"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:03"},"new":["2. Member States must not apply the","obligations laid down in Article 32(1) to","notaries, other independent legal","professionals, auditors, external","accountants and tax advisors with regard","to information they receive from or obtain","on one of their clients, in the course of","ascertaining the legal position for their","client or performing their task of defending","or representing that client in, or concerning","judicial proceedings, including advice on","instituting or avoiding proceedings,","whether such information is received or","obtained before, during or after such","proceedings."],"old":["2. Member States shall not apply the","obligations laid down in Article 32(1) to","notaries, other independent legal","professionals, auditors, external","accountants and tax advisors only to the","strict extent that such exemption relates to","information they receive from or obtain on","one of their clients, in the course of","ascertaining the legal position for their","client or performing their task of defending","or representing that client in, or concerning","judicial proceedings, including advice on","instituting or avoiding proceedings,","whether such information is received or","obtained before, during or after such","proceedings."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"434","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-115","justification":"Aggressive tax avoidance, although technically legal can bring the morality of tax law into\ndisrepute. GAAR's are a useful tool in discouraging aggressive tax avoidance and improving\ntransparency in corporate behaviour.","location":[[" Proposal for a directive","Recital 9 a (new)"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:16:00"},"new":["(9a) Member States should introduce","General Anti-Avoidance Rules (GAAR)","on tax matters with a view to curbing","aggressive tax planning and avoidance in","line with the European Commission's","recommendations on Aggressive Tax","Planning on December 12th 2012 and the","OECD Progress Report to the G20 on","September 5th 2013."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"115","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-435","location":[[" Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:03"},"new":["Member States shall ensure that","individuals, including employees and","representatives of the obliged entity, who","report suspicions of money laundering or","terrorist financing either internally or to the","FIU are duly protected from threats or","hostile action, and from all forms of","adverse treatment, adverse consequence,","or adverse or discriminatory employment","actions. Member States shall guarantee","legal aid free of charge for such persons","and shall provide secure communication","channels, including anonymous channels,","for persons to report suspicions of money","laundering or terrorist financing."],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"435","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-116","location":[["Proposal for a directive","Recital 10"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:00"},"new":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","specified percentage shareholding will not","automatically result in finding the","beneficial owner, it is one evidential factor","among others to be taken into account.","Identification and verification of beneficial","owners should, where relevant, extend to","legal entities that own other legal entities,","and should follow the chain of ownership","until the natural person who exercises","ownership or control of the legal person","that is the customer is found.","."],"old":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","percentage shareholding will not","automatically result in finding the","beneficial owner, it is an evidential factor","to be taken into account. Identification and","verification of beneficial owners should,","where relevant, extend to legal entities that","own other legal entities, and should follow","the chain of ownership until the natural","person who exercises ownership or control","of the legal person that is the customer is","found."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"116","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-436","location":[[" Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:03"},"new":["Member States shall take all appropriate","measures in order to protect employees","and others of the obliged entity who report","suspicions of money laundering or terrorist","financing either internally or to the FIU","from being exposed to threats, hostile","action, adverse treatment or adverse","consequences. The ESAs and the FIU","shall provide one or more secure","communication channels for persons to","report suspicions of money laundering or","terrorist financing. Such channels shall","ensure that the identity of persons","providing information is known only to","the ESAs or the FIU. Member States shall","guarantee legal aid free of charge."],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action.",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"436","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-437","location":[["Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:03"},"new":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action. They","will ensure that there are adequate","witness and whistle-blower protection","programmes."],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"437","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-117","location":[[" Proposal for a directive","Recital 11"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:00"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner of","legal persons, trusts, foundations,","holdings and all other similar existing or","future legal arrangements is a key factor","in tracing criminals who might otherwise","hide their identity behind a corporate","structure. Member States should therefore","ensure that companies retain information","on their beneficial ownership and ensure","that this information is made publically","available in form of a public registry, in","line with Union data protection rules. In","addition, trustees should declare their","status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"117","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monica Luisa Macovei, V\u00e9ronique Mathieu Houillon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-438","location":[["Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[96824,4412],"meta":{"created":"2019-07-03T05:16:03"},"new":["Member States shall take all appropriate","measures in order to protect whistle","blowers and employees of the obliged","entity who report suspicions of money","laundering or terrorist financing either","internally or to the FIU from being exposed","to threats or hostile action."],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","","exposed to threats or hostile action."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"438","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-118","location":[[" Proposal for a directive","Recital 11"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner of any","legal entity and all other similar existing","or future legal arrangements is a key","factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to the","public through registers in line with","Union data protection rules. In addition,","trustees should declare their status to such","registers as well."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"118","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-439","location":[[" Proposal for a directive","Chapter 5 \u2013 title"]],"meps":[28266],"meta":{"created":"2019-07-03T05:16:03"},"new":["DATA PROTECTION, RECORD","KEEPING AND STATISTICAL DATA"],"old":["RECORD KEEPING AND","STATISTICAL DATA"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"439","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-119","location":[["Proposal for a directive","Recital 11"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies disclose","information on their beneficial ownership","and make them available to EU and third","country authorities, international","organizations, business partners and","consumers via public centralized registers.","In addition, trustees should declare their","status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"119","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-440","justification":"No justification has been given regarding the regarding the proposed initial data retention\nperiod of five years.","location":[[" Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point a"]],"meps":[28266],"meta":{"created":"2019-07-03T05:16:03"},"new":["(a) in the case of the customer due","diligence, a copy or the references of the","evidence required, for a period of two years","after the business relationship with their","customer has ended. Upon expiration of","this period, personal data shall be deleted,","unless otherwise provided for by national","law, which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing and if the extension of","the data retention period is justified on a","case by case basis. The maximum","extension of the retention period is five","additional years."],"old":["(a) in the case of the customer due","diligence, a copy or the references of the","evidence required, for a period of five","years after the business relationship with","their customer has ended. Upon expiration","of this period, personal data shall be","deleted unless otherwise provided for by","national law, which shall determine under","which circumstances obliged entities may","or shall further retain data. Member States","may allow or require further retention only","if necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum","retention period after the business","relationship has ended shall not exceed","ten years;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"440","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Graham Watson, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-120","location":[["Proposal for a directive","Recital 11"]],"meps":[33570,1394,2155,4274],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","maintain a central public register","disclosing adequate, accurate and current","information on the beneficial ownership of","companies. In addition, trustees should","declare their status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"120","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-441","location":[["Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point a"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:03"},"new":["(a) in the case of the customer due","diligence, a copy or the references of the","evidence obtained, for a period of five","years after the occasional transaction was","carried out or after the business","relationship with their customer has ended.","Upon expiration of this period, personal","data shall be deleted unless otherwise","provided for by national law, which shall","determine under which circumstances","obliged entities may or shall further retain","data. Member States may allow or require","further retention only if necessary for the","prevention, detection or investigation of","money laundering and terrorist financing.","The maximum retention period shall not","exceed ten years;"],"old":["(a) in the case of the customer due","diligence, a copy or the references of the","evidence required, for a period of five","years after the business relationship with","their customer has ended. Upon expiration","of this period, personal data shall be","deleted unless otherwise provided for by","national law, which shall determine under","which circumstances obliged entities may","or shall further retain data. Member States","may allow or require further retention only","if necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period after the business relationship has","ended shall not exceed ten years;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"441","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy, Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-121","location":[[" Proposal for a directive","Recital 11"]],"meps":[2173,96703],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that beneficial ownership","information on companies and trusts is","available through public registries."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"121","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sophia in 't Veld","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-442","justification":" Emphasis on purpose limitation. As regards the retention of 'commercial data', a general ban\n on the processing of 'commercial data' should be mentioned in an Article regarding data\n protection. Mentioning it only in relation to retention could suggest it's allowed under other\n titles. When 'commercial data' would be mentioned here, it should be done in unambiguous\n language.","location":[["Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point a a (new)"]],"meps":[28266],"meta":{"created":"2019-07-03T05:16:03"},"new":["(aa) Any personal data retained may not","be used for any purpose other than the","purpose for which it has been retained."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"442","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-122","location":[[" Proposal for a directive","Recital 11"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available","through central registers available to","public."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"122","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-443","location":[[" Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point b"]],"meps":[28266],"meta":{"created":"2019-07-03T05:16:03"},"new":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of two years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing and if the extension of","the data retention period is justified on a","case by case basis. The maximum","extension of the retention period is five","additional years."],"old":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum","retention period following either the","","","carrying-out of the transactions or the","end of the business relationship,","whichever period ends first, shall not","exceed ten years."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"443","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-444","location":[["Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point b"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:03"},"new":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period following either the carrying-out of","the transactions or the end of the business","relationship, whichever period ends first,","shall not exceed ten years. The","information may be retained for a longer","period where it is necessary to do so in","order to give effect to the commercial","purposes of transactions or former","relationship between the customer and the","obliged entity."],"old":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period following either the carrying-out of","the transactions or the end of the business","relationship, whichever period ends first,","shall not exceed ten years."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"444","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-123","location":[["Proposal for a directive","Recital 11"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available in","public registers. In addition, trustees","should declare their status too."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"123","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-445","location":[[" Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point b"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:03"},"new":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period following either the carrying-out of","the transactions or the end of the business","relationship, whichever period ends first,","shall not exceed ten years. However,","information may be retained for a longer","period where it is necessary to do so in","order to give effect to the commercial","purposes of transactions or former","relationship between the customer and the","obliged entity."],"old":["(b) in the case of business relationships and","transactions, the supporting evidence and","records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period following either the carrying-out of","the transactions or the end of the business","relationship, whichever period ends first,","shall not exceed ten years."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"445","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-446","location":[["Proposal for a directive","Article 39 \u2013 paragraph 1 \u2013 point b"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:03"},"new":["(b) the supporting evidence and records of","transactions, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever expires first. Upon","expiration of this period, personal data","shall be deleted, unless otherwise provided","for by national law, which shall determine","under which circumstances obliged entities","may or shall further retain data. Member","States may allow or require further","retention only if necessary for the","prevention, detection or investigation of","money laundering and terrorist financing.","The maximum retention period following","either the carrying-out of the transactions","or the end of the business relationship,","whichever expires first, shall not exceed","ten years."],"old":["(b) in the case of business relationships","and transactions, the supporting evidence","and records, consisting of the original","documents or copies admissible in court","proceedings under the applicable national","legislation for a period of five years","following either the carrying-out of the","transactions or the end of the business","relationship, whichever period is the","shortest. Upon expiration of this period,","personal data shall be deleted, unless","otherwise provided for by national law,","which shall determine under which","circumstances obliged entities may or shall","further retain data. Member States may","allow or require further retention only if","necessary for the prevention, detection or","investigation of money laundering and","terrorist financing. The maximum retention","period following either the carrying-out of","the transactions or the end of the business","relationship, whichever period ends first,","shall not exceed ten years."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"446","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monica Luisa Macovei, V\u00e9ronique Mathieu Houillon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-124","location":[["Proposal for a directive","Recital 11"]],"meps":[96824,4412],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11) It is important to ensure and enhance","the traceability of payments. The need for","accurate and up-to-date information on the","beneficial owner is a key factor in tracing","criminals who might otherwise hide their","identity behind a corporate structure.","Member States should therefore ensure that","companies retain information on their","beneficial ownership and make this","information available to competent","authorities and obliged entities. In addition,","trustees should declare their status to","obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","","status to obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"124","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-447","location":[["Proposal for a directive","Article 58 \u2013 paragraph 3"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:04"},"new":["3. Member States shall require obliged","entities referred to in Article 2(1)(1) and","(2) to have in place appropriate procedures","for their employees to report breaches","internally through a specific, independent","and anonymous channel."],"old":["3. Member States shall require obliged","entities to have in place appropriate","procedures for their employees to report","breaches internally through a specific,","independent and anonymous channel."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"447","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-125","location":[[" Proposal for a directive","Recital 11 a (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11a) The establishment of beneficial","ownership registers by Member States","would significantly improve the fight","against money laundering, terrorist","financing, corruption, tax crimes, fraud","and other financial crimes. This could be","achieved by improving the operations of","the existing business registers in the","Member States. The interconnectivity of","registers is vital to make use of the","information contained therein, due to the","cross-border nature of business","transactions. The interconnection of","business registers across the Union is","already set out in Directive 2012/17/EU of","the European Parliament and of the","Council which should be further","developed."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"125","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-448","location":[[" Proposal for a directive","Article 39 \u2013 paragraph 1 a (new)"]],"meps":[28266],"meta":{"created":"2019-07-03T05:16:04"},"new":["Data Protection","1. With regard to the processing of","personal data carried out by Member","States within the framework of this","Directive, the provisions of Directive","95/46/EC are applicable. With regard to","the processing of personal data by the","European supervisory authorities, the","provisions of Regulation (EC) No 45/2001","are applicable.","2. Personal data shall only be processed","on the basis of this Directive for the sole","purpose of the prevention of money","laundering and terrorist financing.","3. The processing of data collected on the","basis of this Directive for commercial","purposes is prohibited."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"448","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-126","location":[[" Proposal for a directive","Recital 11 a (new)"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:01"},"new":["(11a) In this regard, the mentioned","registers will be in full compliance with","the Union legal order, especially as","regards European Union data protection","rules and the protection of fundamental","rights as enshrined in the Charter of","Fundamental Rights of the European","Union."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"126","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-449","location":[[" Proposal for a directive","Article 40 a (new)"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:04"},"new":["Article 40a","The collection, processing and transfer of","information for anti-money laundering","purposes shall be considered as a public","interest under Directive 95/46/EC."],"old":["",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"449","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-127","justification":"Based on the wording used in EU legal acts concerning the EBRD","location":[["Proposal for a directive","Recital 12 a (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:01"},"new":["(12a) The representatives of the EU in the","governing bodies of the EBRD should","encourage the EBRD to implement the","provisions of this directive and to publish","on their website an anti-money","laundering policy, containing detailed","procedures that would give effect to the","provisions under this Directive"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"127","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-450","justification":"Pour une lutte efficace contre le blanchiment de capitaux et le financement du terrorisme, il\nest essentiel que les cellules de renseignement financier disposent d\u2019informations sur les\n\n donn\u00e9es bancaires, en un temps opportun et dans le respect de la confidentialit\u00e9, au travers\n d\u2019un registre centralis\u00e9. Cette proposition constitue un outil essentiel pour les cellules de\n renseignement financier et les autres autorit\u00e9s comp\u00e9tentes, le cas \u00e9ch\u00e9ant, pour mener des\n enqu\u00eates et des analyses efficaces des soup\u00e7ons de blanchiment. Les Etats membres doivent\n donc consid\u00e9rer que l\u2019\u00e9tablissement d\u2019une base de donn\u00e9es centralis\u00e9e contenant des\n informations bancaires est une solution plus efficace, tant en termes de s\u00e9curit\u00e9 que de\n confidentialit\u00e9, que de requ\u00e9rir l\u2019information directement aupr\u00e8s des banques \u00e9tablies dans\n les Etats membres.","location":[["Proposal for a directive","Article 40 \u2013 paragraph 1"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["1. Member States shall have national","centralised mechanisms enabling them to","identify, in a timely manner, whether","natural or legal persons hold or control","bank accounts kept by financial","institutions on their territory.","2. Member States shall also have","mechanisms providing the competent","authorities with a means of identifying","property without giving prior notice to the","owner.","3. Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly to","enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship."],"old":["Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly to","enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship."],"orig_lang":"fr","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"450","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s, Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-128","location":[["Proposal for a directive","Recital 13"]],"meps":[28193,96862],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","a major issue in the preservation of public","order, whatever types of games are","involved. Nevertheless, these games\u2019","characteristics and the fact that they are","particularly vulnerable to specific types of","money laundering techniques must be","taken into account. That is why specific","appropriate procedures must be provided","for each of the three categories of casinos,","providers of online gambling services and","other providers of gambling services."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","","","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer","due diligence for single transactions of","EUR 2 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of","winnings as well as wagering a stake.","Providers of gambling services with","physical premises (e.g. casinos and","gaming houses) should ensure that","customer due diligence, if it is taken at the","point of entry to the premises, can be","linked to the transactions conducted by","the customer on those premises."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"128","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-451","location":[[" Proposal for a directive","Article 40 \u2013 paragraph 1"]],"meta":{"created":"2019-07-03T05:16:04"},"new":["Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly to","enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship, through","secure channels and in a manner that","ensures full confidentiality of the","enquiries."],"old":["Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly to","enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"451","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-129","justification":"There are risks in some gambling activities, however, in the absence of extensive evidence,\nincluding all gambling sector can be ineffective and disproportionate. The FATF response is\nthat any regulation should be risk-based and where certain activities are assessed to be lower\nrisk on the basis of national risk assessments.","location":[[" Proposal for a directive","Recital 13"]],"meps":[2155,1394,114268],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. However, one must","differentiate between gambling services","which bear a high risk of being used for","money laundering and those gambling","services where such a risk is very low.","Further evidence and research are","required to understand the nature and","extent of the risks in different types of","gambling sectors which should be","obtained from Member States risk","assessments. Accordingly, for the","purposes of this Directive, providers of","different gambling sectors have to be","treated differently. Casinos should ensure","that customer due diligence, if it is taken at","the point of entry to the premises, can be","linked to the transactions conducted by the","customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer","due diligence for single transactions of","EUR 2 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of","winnings as well as wagering a stake.","Providers of gambling services with","physical premises (e.g. casinos and","gaming houses) should ensure that","customer due diligence, if it is taken at the","point of entry to the premises, can be","linked to the transactions conducted by the","","customer on those premises."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"129","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-452","location":[[" Proposal for a directive","Article 41 \u2013 paragraph 2 \u2013 point b"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:04"},"new":["(b) data measuring the reporting,","investigation and judicial phases of the","national anti-money laundering and","terrorist financing regime, including the","number of suspicious transaction reports","made to the FIU, the follow-up given to","these reports and, on an annual basis, the","number of cases investigated, the number","of persons prosecuted, the number of","persons convicted for money laundering or","terrorist financing offences and the value in","euro of property that has been frozen,","seized or confiscated. The collected data","shall be disaggregated by type of criminal","activity."],"old":["(b) data measuring the reporting,","investigation and judicial phases of the","national anti-money laundering and","","terrorist financing regime, including the","number of suspicious transaction reports","made to the FIU, the follow-up given to","these reports and, on an annual basis, the","number of cases investigated, the number","of persons prosecuted, the number of","persons convicted for money laundering or","terrorist financing offences and the value in","euro of property that has been frozen,","seized or confiscated."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"452","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber, Manfred Weber, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-130","justification":" The Commission proposal makes no distinction between gambling services with a high risk of\n money laundering and those with a low risk. This runs counter to the risk-based approach\n which lies at the core of the proposal. The emphasis should be on those gambling activities\n which are attractive to money launderers because of high payout ratios and other features set\n out in the amendment. This shall not apply to state-owned enterprises with low payout ratios.","location":[["Proposal for a directive","Recital 13"]],"meps":[1917,28229,96876],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. Gambling services with high","payout ratios are at particular risk of","being used for money laundering","purposes; the risk is even greater where","these gambling services also have a high","event frequency, where the outcome is not","entirely subject to chance, and where very","high stakes can be played for in a short","period of time. An obligation for all","providers of gambling services to conduct","regular, if not enhanced, customer due","diligence for single transactions (stakes","and payouts) of EUR 2 000 or more should","therefore be laid down, in any event","wherever the average payout ratio exceeds","90 %. State-owned providers of gambling","services with low average payout ratios, in","any event whenever this ratio does not","exceed 55 %, shall meet the requirements","regarding customer due diligence for","payouts of EUR 2 000 or more; this","provision shall be without prejudice to","Article 13. Gaming houses should ensure","that customer due diligence, if it is taken at","the point of entry to the premises, can be","linked to the transactions conducted by the","customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises.",""],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"130","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-131","location":[[" Proposal for a directive","Recital 13"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Within","the scope of a risk-based approach, it","should, however, be possible to exempt","individual gambling service providers","from customer due diligence if it can be","proven that the risk of money laundering","and terrorist financing is non-existent or","negligible. Member States should consider","applying this threshold to the collection of","winnings as well as wagering a stake.","Providers of gambling services with","physical premises (e.g. casinos and gaming","houses) should ensure that customer due","diligence, if it is taken at the point of entry","to the premises, can be linked to the","transactions conducted by the customer on","those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises.",""],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"131","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-453","location":[["Proposal for a directive","Article 42 \u2013 paragraph 4"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:04"},"new":["4. Member States shall require that, where","the legislation of the third country does not","permit customer due diligence obligations","and the application of the measures","required under paragraph 1, obliged","entities ensure that branches and","majority-owned subsidiaries in the","relevant third country apply additional","measures to manage the money laundering","and terrorist financing risks, and inform","their home supervisors. If the additional","measures are not sufficient, competent","authorities in the home country shall take","additional supervisory actions, including","placing additional controls on the","financial group. If the additional","supervisory actions are still not sufficient,","competent authorities shall require","obliged entities to refrain from","establishing business relationships and","from undertaking transactions. If a","business relationship already exists,","competent authorities shall require such","relationship to be terminated by","cancelling the business contract or by any","other effective measure. If the set of","measures is still not effective, competent","authorities shall request the financial","group to close down its operations in the","relevant third country."],"old":["4. Member States shall require that, where","the legislation of the third country does not","permit application of the measures required","under the first subparagraph of paragraph","1, obliged entities take additional","measures to effectively handle the risk of","money laundering or terrorist financing,","and inform their home supervisors. If the","additional measures are not sufficient,","competent authorities in the home country","shall consider additional supervisory","actions, including, as appropriate,","requesting the financial group to close","down its operations in the host country.",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"453","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Diogo Feio","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-132","location":[["Proposal for a directive","Recital 13"]],"meps":[96977],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) In order to mitigate the risks related","to the use of the gambling sector to launder","the proceeds of criminal activity and to","provide parity amongst the providers of","gambling services, an obligation for all","providers of gambling services to conduct","customer due diligence for single","transactions of EUR 2000 or more should","be laid down. Member States should","consider applying this threshold to the","collection of winnings as well as wagering","a stake. Providers of gambling services","with physical premises subject to State","supervision will be deemed in any event to","have satisfied the customer due diligence","requirements if they register, identify, and","verify the identity of, their customers","immediately on or before entry, whatever","the value of the transactions to be carried","out."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of","EUR 2 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of winnings","as well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions","conducted by the customer on those","premises."],"orig_lang":"pt","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"132","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-454","location":[[" Proposal for a directive","Article 42 \u2013 paragraph 4"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:04"},"new":["4. Member States shall require that, where","the legislation of the third country does not","permit customer due diligence obligations","and the application of the measures","required under the first subparagraph of","paragraph 1, obliged entities must ensure","that branches, subsidiaries, outsourced","activities and majority-owned companies","in this third country do not establish or","continue business relationships and do","not undertake transactions. Insofar as a","business relationship already exists, the","obliged entity must ensure that such","relationship is terminated by cancelling","the business contract or any other","effective measure."],"old":["4. Member States shall require that, where","the legislation of the third country does not","permit application of the measures required","under the first subparagraph of paragraph","1, obliged entities take additional","measures to effectively handle the risk of","money laundering or terrorist financing,","and inform their home supervisors. If the","additional measures are not sufficient,","competent authorities in the home country","shall consider additional supervisory","actions, including, as appropriate,","requesting the financial group to close","down its operations in the host country."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"454","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-133","location":[["Proposal for a directive","Recital 13"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of","EUR 3 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of winnings","as well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of","EUR 2 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of winnings","as well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"es","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"133","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-455","location":[[" Proposal for a directive","Article 42 \u2013 paragraph 5"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:04"},"new":["5. EBA, EIOPA and ESMA shall develop","draft regulatory technical standards","specifying the type of additional measures","referred to in paragraph 4 of this Article","and the minimum action to be taken by","obliged entities referred to Article 2(1)(1)","and (2) where the legislation of the third","country does not permit application of the","measures required under paragraphs 1 and","2. EBA, EIOPA and ESMA shall submit","those draft regulatory technical standards","to the Commission within 18 months of the","date of entry into force of this Directive."],"old":["5. EBA, EIOPA and ESMA shall develop","draft regulatory technical standards","specifying the type of additional measures","referred to in paragraph 4 of this Article","and the minimum action to be taken by","obliged entities referred to Article 2(1)(1)","and (2) where the legislation of the third","country does not permit application of the","measures required under paragraphs 1 and","2. EBA, EIOPA and ESMA shall submit","those draft regulatory technical standards","to the Commission within two years of the","date of entry into force of this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"455","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-134","justification":"Whereas professional sport is particularly vulnerable to money laundering, frequently\nassociated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\nthe Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\nshortcoming, the professional sport sector should be subject to the AMLD4 on the same\ngrounds as the other non-financial professions.","location":[[" Proposal for a directive","Recital 13 a (new)"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:02"},"new":["(13a) The use of the sport sector to","launder the proceeds of criminal activity","is also of concern. Given the increasing","amounts and the variety of money flows","and financial transactions in this sector,","as well as the opaque networks of","stakeholders and interdependence","between the different actors which is an","impediment to establish the identity of the","beneficial owners, legal and natural","persons involved in professional sport","should be subject to the provisions of this","Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"134","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-456","location":[["Proposal for a directive","Article 43 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:04"},"new":["Member States shall require that obliged","entities take measures proportionate to","their risks, nature and size so that their","employees are aware of the provisions","adopted pursuant to this Directive,","including relevant data protection","requirements."],"old":["Member States shall require that obliged","entities take measures proportionate to","their risks, nature and size so that their","relevant employees are aware of the","provisions adopted pursuant to this","Directive, including relevant data","protection requirements."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"456","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-135","location":[["Proposal for a directive","Recital 13 a (new)"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:03"},"new":["(13a) Money laundering is becoming","increasingly sophisticated and includes","also illegal, and sometimes even legal,","betting, in particular in relation to","sporting events; Whereas new forms of","lucrative organised crime like match-","fixing have developed and serve as a","profitable form of criminal activity related","to money laundering;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"135","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-457","location":[["Proposal for a directive","Article 43 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:04"},"new":["These measures shall include participation","of their employees in special ongoing","training programmes to help them","recognise operations which may be related","to money laundering or terrorist financing","and to instruct them as to how to proceed","in such cases."],"old":["These measures shall include participation","of their relevant employees in special","ongoing training programmes to help them","recognise operations which may be related","to money laundering or terrorist financing","and to instruct them as to how to proceed","in such cases."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"457","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-458","location":[[" Proposal for a directive","Article 43 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:04"},"new":["These measures shall include participation","of their relevant employees in special","ongoing training programmes to help them","recognise operations which may be related","to money laundering or terrorist financing","and to instruct them as to how to proceed","in such cases.","Member states shall ensure that obliged","entities designate a senior executive to be","ultimately responsible for the entity's anti-","money laundering policies and","procedures."],"old":["These measures shall include participation","of their relevant employees in special","ongoing training programmes to help them","recognise operations which may be related","to money laundering or terrorist financing","and to instruct them as to how to proceed","in such cases."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"458","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-136","location":[["Proposal for a directive","Recital 14"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:03"},"new":["(14) The risk of money laundering and","terrorist financing is not the same in every","case. Accordingly, a holistic risk-based","approach based on minimum standards","should be used. The risk-based approach is","not an unduly permissive option for","Member States and obliged entities. It","involves the use of evidence-based","decision making to better target the money","laundering and terrorist financing risks","facing the European Union and those","operating within it."],"old":["(14) The risk of money laundering and","terrorist financing is not the same in every","case. Accordingly, a risk-based approach","should be used. The risk-based approach is","not an unduly permissive option for","Member States and obliged entities. It","","involves the use of evidence-based","decision making to better target the money","laundering and terrorist financing risks","facing the European Union and those","operating within it."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"136","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-459","location":[[" Proposal for a directive","Article 43 \u2013 paragraph 1 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:04"},"new":["1a. Member States shall require that","obliged entities appoint the member(s) of","the management body who are","responsible for the implementation of the","laws, regulations and administrative","provisions necessary to comply with this","Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"459","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-137","location":[[" Proposal for a directive","Recital 15"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:03"},"new":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC29 ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC30 ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31 , should be tasked with","issuing an opinion on the risks affecting the","financial sector and, in cooperation with","Member States, develop minimum","standards for risk assessments conducted","by competent national authorities. This","process shall involve the industry and","other relevant stakeholders through","public consultations and private","stakeholders meetings as appropriate.","__________________","29","OJ L 331, 15.12.2010, p. 12.","30","OJ L 331, 15.12.2010, p. 48.","31","OJ L 331, 15.12.2010, p. 84."],"old":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC29 ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC30 ; and the European","Supervisory Authority (European","","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31 , should be tasked with","issuing an opinion on the risks affecting the","financial sector.","__________________","29","OJ L 331, 15.12.2010, p. 12.","30","OJ L 331, 15.12.2010, p. 48.","31","OJ L 331, 15.12.2010, p. 84."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"137","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-460","location":[["Proposal for a directive","Article 43 \u2013 paragraph 3 a (new)"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:04"},"new":["3a. Member States shall require that","obliged entities appoint the member(s) of","the management board who are","responsible for the implementation of the","laws, regulations and administrative","provisions necessary to comply with this","Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"460","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt, Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-138","location":[["Proposal for a directive","Recital 16"]],"meps":[114268,4274,2155,1394],"meta":{"created":"2019-07-03T05:16:03"},"new":["(16) The results of risk assessments at","Member State level shall, where","appropriate, be made available to obliged","entities to enable them to identify,","understand and mitigate their own risks."],"old":["(16) The results of risk assessments at","Member State level should, where","appropriate, be made available to obliged","entities to enable them to identify,","understand and mitigate their own risks."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"138","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-461","location":[["Proposal for a directive","Article 43 \u2013 paragraph 3 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:04"},"new":["3a. Member States shall require that","obliged entities appoint the member(s) of","the management board who are","responsible for the implementation of the","laws, regulations and administrative","provisions necessary to comply with this","Directive."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"461","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-139","justification":" In order to provide a clear interpretation of the link between various levels of risk analysis,\n there is a need for a recital that states that supranational risk analysis must be implemented\n effectively by the Member States, especially for high-risk situations.","location":[[" Proposal for a directive","Recital 17"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["(17) In order to better understand and","mitigate risks at European Union level, a","supranational risk analysis should be","carried out, so the risks of money","laundering and terrorist financing to","which the internal market is exposed can","be identified effectively. The Commission","should require the Member States to deal","with scenarios considered to be high-risk","in an effective way. Furthermore, Member","States should share the results of their risk","assessments with each other, the","Commission and EBA, EIOPA and ESMA,","where appropriate."],"old":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA and ESMA,","where appropriate."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"139","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-462","location":[[" Proposal for a directive","Article 43 \u2013 paragraph 3 a (new)"]],"meps":[96824],"meta":{"created":"2019-07-03T05:16:05"},"new":["3a. Member States shall require that","obliged entities appoint the member(s) of","the management board who are","responsible for the implementation of the","laws, regulations and administrative","provisions necessary to comply with this","Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"462","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-140","location":[[" Proposal for a directive","Recital 17"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:03"},"new":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA, ESMA","and Europol, where appropriate."],"old":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA and","","","ESMA, where appropriate."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"140","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-463","location":[[" Proposal for a directive","Article 43 \u2013 paragraph 3"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:05"},"new":["3. Member States shall ensure that,","wherever practicable, timely feedback on","the effectiveness of and follow-up to","reports of suspected money laundering or","terrorist financing is provided to obliged","entities."],"old":["3. Member States shall ensure that,","wherever practicable, timely feedback on","the effectiveness of and follow-up to","reports of suspected money laundering or","terrorist financing is provided."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"463","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monika Hohlmeier","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-141","justification":"According to Art. 4(1) of the Council decision of 6 April 2009 establishing the European\nPolice Office (Europol) (2009/371/JHA), the fight against illegal money-laundering activities\nis part of Europol's competences.","location":[["Proposal for a directive","Recital 17"]],"meps":[96780],"meta":{"created":"2019-07-03T05:16:03"},"new":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their, risk assessments with each other, the","Commission and EBA, EIOPA, ESMA","and Europol where appropriate."],"old":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA and","ESMA, where appropriate."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"141","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-464","location":[["Proposal for a directive","Article 43 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:05"},"new":["3. Member States shall ensure that,","wherever practicable, timely feedback on","the effectiveness of and follow-up to","reports of suspected money laundering or","terrorist financing is provided to the","obliged entities."],"old":["3. Member States shall ensure that,","wherever practicable, timely feedback on","the effectiveness of and follow-up to","reports of suspected money laundering or","terrorist financing is provided."],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"464","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-142","justification":" This is a new recital which should be introduced after recital 17.One-stop-shop would reduce\n compliance costs for online businesses and can be seen as essential for innovation\n (particularly for smaller and young companies) and the growth of the digital economy.","location":[["Proposal for a directive","Recital 17 a (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:03"},"new":["(17a) Given the desire for increased cross","border activity between Member States","and the need for growth of the digital","economy and given the need to ensure","that innovation is not stifled by","unnecessary fragmentation in laws and","practice between Member States, it is","necessary to introduce a one-stop shop","mechanism for anti-money laundering","compliance that ensures that any legal","compliance requirements are","proportionate and cost effective","particularly for online business."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"142","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Marlene Mizzi","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-465","location":[["Proposal for a directive","Article 44 \u2013 paragraph 1"]],"meps":[118858],"meta":{"created":"2019-07-03T05:16:05"},"new":["1. Member States shall provide that","currency exchange offices, trust or","company service providers and providers","of gambling services be adequately","regulated for the purpose of ensuring that","the persons who effectively direct or will","direct the business of such entities or","beneficial owners of such entities are fit","and proper persons."],"old":["1. Member States shall provide that","currency exchange offices and trust or","company service providers shall be","licensed or registered and providers of","gambling services be authorised."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"465","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Roberta Metsola","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-466","justification":" As Article 44(1) addresses areas that are not yet harmonised at EU level (in particular\n gambling services), I believe that there is a need to ensure that this Article is in line with the\n legal basis and general risk-based approach of the Directive and that it does not impose\n measures that seek to harmonise areas that go beyond its aims and objectives. I am therefore\n proposing that Article 44 (1) and Article 44 (2) become directly linked and, that recital 38 is\n amended to clarify further the scope of Article 44","location":[["Proposal for a directive","Article 44 \u2013 paragraph 1"]],"meps":[118859],"meta":{"created":"2019-07-03T05:16:05"},"new":["1. Member States shall provide that","currency exchange offices, trust or","company service providers shall be","licensed or registered and providers of","gambling services be regulated for the","purpose of ensuring that the persons who","effectively direct or will direct the","business of such entities or the beneficial","owners of such entities are fit and proper","persons."],"old":["1. Member States shall provide that","","currency exchange offices and trust or","company service providers shall be","licensed or registered and providers of","gambling services be authorised."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"466","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-143","location":[[" Proposal for a directive","Recital 17 b (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:03"},"new":["(17b) In order to provide the obliged","entities with the means in which to comply","with their obligations under this Directive,","Member States shall develop official","registers of beneficial ownership","information of companies and provide, in","cooperation with national supervisory","authorities and FIUs, the obliged entities","with information and tools in order to","identify and verify politically exposed","persons referred to in article 3 (7) a-f."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"143","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-467","location":[[" Proposal for a directive","Article 44 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:05"},"new":["3. In respect of the obliged entities referred","to in Article 2, Member States shall ensure","that competent authorities take the","necessary measures to prevent criminals or","their associates from holding or being the","beneficial owner of a significant or","controlling interest, or holding a","management function in those obliged","entities."],"old":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"467","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-144","location":[[" Proposal for a directive","Recital 19"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:03"},"new":["(19) Risk itself is variable in nature and","over time, and the variables, either on their","own or in combination, may increase or","decrease the potential risk posed, thus","having an impact on the appropriate level","of preventative measures, such as customer","due diligence measures. Thus, there are","circumstances in which enhanced due","diligence should be applied and others in","which simplified due diligence may be","appropriate."],"old":["(19) Risk itself is variable in nature, and","the variables, either on their own or in","combination, may increase or decrease the","potential risk posed, thus having an impact","on the appropriate level of preventative","measures, such as customer due diligence","measures. Thus, there are circumstances in","which enhanced due diligence should be","applied and others in which simplified due","diligence may be appropriate."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"144","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-468","justification":"Whereas professional sport is particularly vulnerable to money laundering, frequently\nassociated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\nthe Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\nshortcoming, the professional sport sector should be subject to the AMLD4 on the same\ngrounds as the other non-financial professions.","location":[["Proposal for a directive","Article 44 \u2013 paragraph 3"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:05"},"new":["3. 3. In respect of the obliged entities","referred to in Article 2(1)(3) (a), (b), (d),","(e) and (g), Member States shall ensure","that competent authorities take the","necessary measures to prevent criminals or","their associates from holding or being the","beneficial owner of a significant or","controlling interest, or holding a","management function in those obliged","entities."],"old":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"468","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-145","location":[["Proposal for a directive","Recital 21"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:03"},"new":["(21) This is particularly true of business","relationships with individuals holding, or","having held, important public positions,","particularly those from countries where","corruption is widespread, within the Union","and internationally. Such relationships","may expose the financial sector in","particular to significant reputational and","legal risks. The international effort to","combat corruption also justifies the need to","pay special attention to such cases and to","apply appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"old":["(21) This is particularly true of business","relationships with individuals holding, or","having held, important public positions,","particularly those from countries where","corruption is widespread. Such","relationships may expose the financial","sector in particular to significant","reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"145","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-469","location":[["Proposal for a directive","Article 44 \u2013 paragraph 3"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:05"},"new":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent convicted criminals in the","abovementioned areas or their associates","from holding or being the beneficial owner","of a significant or controlling interest, or","holding a management function in those","obliged entities."],"old":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"469","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-146","location":[[" Proposal for a directive","Recital 21 a (new)"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:03"},"new":["(21a) The need for enhanced customer","due diligence measures in respect of","persons who hold or have held prominent","functions domestically or abroad and","senior figures in international","organisations should not, however, lead to","a situation in which lists containing","information on such persons are traded","for commercial purposes. Member States","should take appropriate measures to","prohibit such activity."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"146","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ana Gomes, Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-470","location":[[" Proposal for a directive","Article 45 \u2013 paragraph 2"]],"meps":[28306,96824],"meta":{"created":"2019-07-03T05:16:05"},"new":["2. Member States shall ensure that the","competent authorities have adequate","powers, including the power to compel the","production of any information that is","relevant to monitoring compliance and","perform checks, and have adequate","financial, human and technical resources to","perform their functions. Member States","shall ensure that staff of these authorities","maintain high professional standards,","including standards of confidentiality and","data protection, they shall be of high","integrity and be appropriately skilled.","Member States shall ensure that conflict","of interests do not arise among members","of the Boards and staff of competent","authorities. A conflict of interests exists","where the impartial and objective exercise","of the functions of a person is","compromised for reasons involving","family, emotional life, political,","professional activity or national affinity,","economic interest or any other shared","interest with an obliged entity;"],"old":["2. Member States shall ensure that the","competent authorities have adequate","powers, including the power to compel the","production of any information that is","relevant to monitoring compliance and","perform checks, and have adequate","financial, human and technical resources to","perform their functions. Member States","shall ensure that staff of these authorities","maintain high professional standards,","including standards of confidentiality and","data protection, they shall be of high","integrity and be appropriately skilled."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"470","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-147","justification":"Il est essentiel d\u2019introduire des mesures ambitieuses au sein des cadres juridiques nationaux\nrelatives \u00e0 une approche europ\u00e9enne coh\u00e9rente \u00e0 l\u2019\u00e9gard des juridictions non coop\u00e9ratives, et\nil doit \u00eatre clair que les listes du GAFI doivent \u00eatre consid\u00e9r\u00e9es comme obligatoires par tous\nles Etats membres. La Directive doit pr\u00e9cis\u00e9ment donner la possibilit\u00e9 \u00e0 l\u2019Union europ\u00e9enne\nd\u2019adopter une approche commune et de prendre des mesures (coordonn\u00e9es entre les EM ou\nlaiss\u00e9e \u00e0 la libre appr\u00e9ciation d\u2019un Etat membre) \u00e0 l\u2019\u00e9gard de pays qui ne seraient pas list\u00e9s\npar les D\u00e9clarations publiques du GAFI, mais qui sont identifi\u00e9es comme pr\u00e9sentant un\nrisque ou des d\u00e9faillances importantes en mati\u00e8re de lutte contre le blanchiment de capitaux\net le financement du terrorisme.","location":[[" Proposal for a directive","Recital 22 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["(22a) The European Union must develop","a common approach and policy to deal","with non-cooperative jurisdictions that","perform poorly in combating money","laundering and terrorist financing. To","this end, the Member States should","implement and apply directly all the lists","of countries published by the FATF in","their national systems to combat money","laundering and terrorist financing.","Furthermore, the Member States and the","Commission should identify other non-","cooperative jurisdictions on the basis of","all information available.","After consultation with the Committee,","the Commission should develop a","common approach to measures to be used","to protect the integrity of the internal","market against these non-cooperative","jurisdictions."],"old":[""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"147","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-471","location":[[" Proposal for a directive","Article 45 \u2013 paragraph 3"]],"meps":[33570,4274],"meta":{"created":"2019-07-03T05:16:06"},"new":["3. In the case of credit and financial","institutions and providers of gambling","services, competent authorities shall have","enhanced supervisory powers, notably the","possibility to conduct on-site inspections.","Competent authorities in charge of","supervising credit and financial","institutions shall monitor the adequacy of","the legal advice they receive with a view to","reduce legal and regulatory arbitrage in","the case of aggressive tax planning and","avoidance."],"old":["3. In the case of credit and financial","institutions and providers of gambling","services, competent authorities shall have","enhanced supervisory powers, notably the","possibility to conduct on-site inspections."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"471","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Mario Borghezio","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-472","location":[["Proposal for a directive","Article 45 \u2013 paragraph 3"]],"meps":[21817],"meta":{"created":"2019-07-03T05:16:06"},"new":["3. In the case of credit and financial","institutions and providers of gambling","services, the bankruptcy court offices, the","competent authorities, shall have enhanced","supervisory powers, notably the possibility","to conduct on-site inspections."],"old":["3. In the case of credit and financial","institutions and providers of gambling","services, competent authorities shall have","enhanced supervisory powers, notably the","possibility to conduct on-site inspections."],"orig_lang":"it","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"472","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-148","justification":" Deals with the specific problem of pooled client accounts which should be considered low risk\n as the customer in this situation is an obliged entity.","location":[["Proposal for a directive","Recital 22 a (new)"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:04"},"new":["(22a) Equally, it should be recognised that","certain situations present a lower risk of","money laundering or terrorist financing.","Customer risk factors to identify low risk","should include obliged entities where they","are subject to requirements to combat","money laundering and terrorist financing,","as recognised in the FATF standards.","Notaries or other independent legal","professionals' pooled client accounts","should be treated as low risk as the","customer in this situation is an obliged","entity. Such simplified due diligence","should be without prejudice to the","obligations that those notaries or other","independent legal professionals have","pursuant to this Directive. Those","obligations include the need for such","notaries or other independent legal","professionals themselves to identify the","beneficial owners of the pooled accounts","held by them."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"148","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-473","justification":" The application of host member state obligations and risk assessments to firms passporting on\n a cross-border services basis with no physical presence will lead to the erosion of the single\n market. This proposed amendment clarifies that cross-border business is not impacted by the\n provision.","location":[["Proposal for a directive","Article 45 \u2013 paragraph 4"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:06"},"new":["4. Member States shall ensure that obliged","entities that provide services through","branches or subsidiaries in other Member","States respect the national provisions of","that other Member State pertaining to this","Directive. Obliged entities operating","under the freedom to provide services","principle shall only be subject to","provisions and risk assessment of the","Member States where they are established","pertaining to this Directive."],"old":["4. Member States shall ensure that obliged","","entities that operate branches or","subsidiaries in other Member States respect","the national provisions of that other","Member State pertaining to this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"473","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-149","location":[[" Proposal for a directive","Recital 24"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:04"},"new":["(24) In the case of agency or outsourcing","relationships on a contractual basis","between obliged entities and external","natural or legal persons not covered by this","Directive, any anti money laundering and","anti-terrorist financing obligations for","those agents or outsourcing service","providers as part of the obliged entities,","may only arise from contract and not from","this Directive. The responsibility for","complying with this Directive should","remain with the obliged entity primarily.","In addition, Member States should ensure","that any such third parties may be held","liable for breaches of national provisions","adopted pursuant to this Directive."],"old":["(24) In the case of agency or outsourcing","relationships on a contractual basis","between obliged entities and external","natural or legal persons not covered by this","Directive, any anti money laundering and","anti-terrorist financing obligations for","those agents or outsourcing service","providers as part of the obliged entities,","may only arise from contract and not from","this Directive. The responsibility for","complying with this Directive should","remain with the obliged entity covered","hereby."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"149","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-474","location":[[" Proposal for a directive","Article 45 \u2013 paragraph 4"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:06"},"new":["4. Member States shall require that obliged","entities that operate branches or","subsidiaries in other Member States respect","the national provisions of that other","Member State pertaining to this Directive."],"old":["4. Member States shall ensure that obliged","entities that operate branches or","subsidiaries in other Member States respect","the national provisions of that other","Member State pertaining to this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"474","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-475","justification":"Member States should ensure implementation of a risk-based approach, and avoid that\ncompetent authorities apply a \u201ctick-the-box-approach\u201d.","location":[[" Proposal for a directive","Article 45 \u2013 paragraph 6 \u2013 introductory part"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:06"},"new":["6. Member States shall ensure that when","applying a risk-based approach to","supervision, competent authorities:"],"old":["6. Member States shall ensure that","competent authorities that apply a risk-","sensitive approach to supervision:"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"475","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-476","location":[["Proposal for a directive","Article 48 \u2013 paragraph 1"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:06"},"new":["The Commission shall lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It shall","regularly convene meeting of the EU","FIUs' Platform composed of","representatives from Member States' FIUs,","and, where appropriate, meetings of the","EU FIUs' Platform with EBA, EIOPA or","ESMA. The EU FIUs' Platform is set up","to formulate guidance on implementation","issues relevant for FIUs and reporting","entities, facilitate FIUs' activities","particularly on international cooperation","and joint analysis, share information on","trends and risk factors in the internal","market, ensure the participation of the","FIUs in the governance of the FIU.net","system."],"old":["The Commission may lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"476","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-150","location":[["Proposal for a directive","Recital 25"]],"meta":{"created":"2019-07-03T05:16:04"},"new":["(25) All Member States have, or should, set","up operationally independent financial","intelligence units (hereinafter referred to as","FIUs) to collect and analyse the","information which they receive with the","aim of establishing links between","suspicious transactions and underlying","criminal activity in order to prevent and","combat money laundering and terrorist","financing. Suspicious transactions should","be reported to the FIUs, which should","serve as a national centre for receiving,","analysing and disseminating to the","competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs.","It is important that Member States provide","FIUs with the necessary resources to","ensure their full operational capacity to","deal with the current challenges posed by","money laundering and terrorist financing,","while respecting fundamental rights,","including the right to privacy and data","protection."],"old":["(25) All Member States have, or should, set","up financial intelligence units (hereinafter","referred to as FIUs) to collect and analyse","the information which they receive with","the aim of establishing links between","suspicious transactions and underlying","criminal activity in order to prevent and","combat money laundering and terrorist","financing. Suspicious transactions should","be reported to the FIUs, which should","serve as a national centre for receiving,","analysing and disseminating to the","competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"150","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-477","location":[[" Proposal for a directive","Article 48 \u2013 paragraph 1"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:06"},"new":["The Commission shall lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It shall","regularly convene meeting of the EU","FIUs' Platform composed of","representatives from Member States' FIUs","and, where appropriate, meetings of the","EU FIUs' Platform with EBA, EIOPA or","ESMA. The EU FIUs' Platform is set up","to formulate guidance on implementation","issues relevant for FIUs and reporting","entities, facilitate FIUs' activities","particularly on international cooperation","and joint analysis, share information on","trends and risk factors in the internal","market, ensure the participation of the","FIUs in the governance of the FIU.net","system."],"old":["The Commission may lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"477","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-151","location":[["Proposal for a directive","Recital 25"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:04"},"new":["(25) All Member States have, or should, set","up operationally independent and","autonomous financial intelligence units","(hereinafter referred to as FIUs) to collect","and analyse the information which they","receive with the aim of establishing links","between suspicious transactions and","underlying criminal activity in order to","prevent and combat money laundering and","terrorist financing. Suspicious transactions","should be reported to the FIUs, which","should serve as a national centre for","receiving, analysing and disseminating to","the competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs."],"old":["(25) All Member States have, or should, set","up financial intelligence units (hereinafter","referred to as FIUs) to collect and analyse","the information which they receive with","the aim of establishing links between","suspicious transactions and underlying","criminal activity in order to prevent and","combat money laundering and terrorist","financing. Suspicious transactions should","be reported to the FIUs, which should","serve as a national centre for receiving,","analysing and disseminating to the","competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"151","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-152","location":[[" Proposal for a directive","Recital 27"]],"meps":[109337],"meta":{"created":"2019-07-03T05:16:04"},"new":["(27) Member States should have the","possibility to designate an appropriate self-","regulatory body of the professions referred","to in Article 2(1)(3)(a),(b), and (d) and (e)","and those professions and categories of","undertaking referred to in article 4 as the","authority to be informed in the first","instance in place of the FIU. In line with","the case law of the European Court of","Human Rights, a system of first instance","reporting to a self-regulatory body","constitutes an important safeguard to","uphold the protection of fundamental rights","as concerns the reporting obligations","applicable to lawyers."],"old":["(27) Member States should have the","possibility to designate an appropriate self-","regulatory body of the professions referred","to in Article 2(1)(3)(a),(b), and (d) as the","authority to be informed in the first","instance in place of the FIU. 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It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"478","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-153","location":[["Proposal for a directive","Recital 27"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:04"},"new":["(27) Member States should provide the","self-regulatory body of the professions","referred to in Article 2(1)(3)(a),(b), and (d)","with the option of being the authority to be","informed in the first instance in place of","the FIU. In line with the case law of the","European Court of Human Rights, a system","of first instance reporting to a self-","regulatory body constitutes an important","safeguard to uphold the protection of","fundamental rights as concerns the","reporting obligations applicable to lawyers."],"old":["(27) Member States should have the","possibility to designate an appropriate","self-regulatory body of the professions","referred to in Article 2(1)(3)(a),(b), and (d)","as the authority to be informed in the first","instance in place of the FIU. In line with","the case law of the European Court of","Human Rights, a system of first instance","reporting to a self-regulatory body","constitutes an important safeguard to","uphold the protection of fundamental rights","as concerns the reporting obligations","applicable to lawyers."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"153","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-479","location":[["Proposal for a directive","Article 49 \u2013 paragraph 1"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:06"},"new":["Member States shall ensure that their FIUs","co-operate with each other and with FIUs","from non-Member States, to the greatest","extent possible irrespective of whether they","are administrative, law enforcement or","judicial or hybrid authorities."],"old":["Member States shall ensure that their FIUs","co-operate with each other to the greatest","extent possible irrespective of whether they","are administrative, law enforcement or","judicial or hybrid authorities."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"479","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"V\u00e9ronique Mathieu Houillon, Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-480","location":[["Proposal for a directive","Article 50 \u2013 paragraph 2 \u2013 subparagraph 1 (new)"]],"meps":[4412,96824],"meta":{"created":"2019-07-03T05:16:06"},"new":["Especially, when a FIU based in the","Union wants to obtain additional","information from an obliged entity of","another Member State which operates on","its territory, the request shall be addressed","to the FIU of the Member State in whose","territory the obliged entity is situated. This","FIU shall transfer requests and answers","promptly and without any filter."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"480","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Bill Newton Dunn, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-154","justification":" This is a new paragraph to be added after paragraph 27.The paragraph aims to clarify the\n obligations for those obliged entities which are established in more than one Member State or\n provide services from one Member State to the other (e.g. online services).","location":[["Proposal for a directive","Recital 27 a (new)"]],"meps":[2155,1394,114268],"meta":{"created":"2019-07-03T05:16:04"},"new":["(27a) Lead Authority (One Stop Shop)","In the context of anti-money laundering","requirements for obliged entities","established in more than one Member","State or providing services from one","Member State to persons in other Member","States, the home competent authority of","the main establishment of the obliged","entity should act as the lead authority","responsible for the supervision of","compliance by such obliged entities in all","Member States in cooperation with the","host competent authorities."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"154","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-481","location":[[" Proposal for a directive","Article 52 \u2013 paragraph 1"]],"meta":{"created":"2019-07-03T05:16:06"},"new":["Member States shall ensure that any","dissemination of the information","submitted pursuant to Articles 49 and 50 by","the receiving FIU to any other authority,","agency or department, - or any use of this","information for administrative,","investigative, prosecutorial or judicial","purposes, beyond those originally","approved, is made subject to the prior","authorisation by the FIU providing the","information. The receiving FIU should","protect exchanged information in the","same manner as it would protect","information received from domestic","sources and which is consistent with","privacy and data protection obligations."],"old":["Member States shall ensure that FIUs","undertake all necessary measures,","including security measures, to ensure","that information submitted pursuant to","Articles 49 and 50 is not accessible by any","other authority, agency or department,","unless prior approval is given by the FIU","providing the information."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"481","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-155","location":[[" Proposal for a directive","Recital 28"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:04"},"new":["(28) Member State should allow the","exemptions provided for in Article 33(2),","and a Member State should allow the self-","regulatory body representing the persons","referred to therein not to transmit to the","FIU any information obtained from those","persons in the circumstances referred to in","that Article."],"old":["(28) Where a Member State decides to","make use of the exemptions provided for","in Article 33(2), it may allow or require","the self-regulatory body representing the","persons referred to therein not to transmit","to the FIU any information obtained from","those persons in the circumstances referred","to in that Article."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"155","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-156","location":[["Proposal for a directive","Recital 29"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:04"},"new":["(29) There have been a number of cases of","whistleblowing, with employees or others","who report their suspicions of money","laundering being subjected to threats or","hostile action. 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Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"156","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Bill Newton Dunn, Graham Watson, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-482","location":[[" Proposal for a directive","Article 53 \u2013 paragraph 1"]],"meps":[1394,2155,114268],"meta":{"created":"2019-07-03T05:16:06"},"new":["1. Member States shall require their FIUs","to use protected channels of","communication between themselves."],"old":["1. Member States shall encourage their","FIUs to use protected channels of","communication between FIUs and to use","the decentralised computer network","FIU.net."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"482","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-483","location":[["Proposal for a directive","Article 53 \u2013 paragraph 1"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:06"},"new":["1. Member States shall encourage their","FIUs to use protected channels of","communication between FIUs."],"old":["1. Member States shall encourage their","FIUs to use protected channels of","communication between FIUs and to use","the decentralised computer network","FIU.net."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"483","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-157","location":[["Proposal for a directive","Recital 29"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:04"},"new":["(29) There have been a number of cases of","employees who report their suspicions of","money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action, making","it easier for them to report suspicions and","thus strengthening the fight against","money laundering."],"old":["(29) There have been a number of cases of","employees who report their suspicions of","money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"157","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monika Hohlmeier","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-484","justification":"A directive should define results and goals - not the precise instruments to achieve those. It\nshould therefore be possible to choose the most efficient and best \"protected channels of\ncommunication\". Defining the instrument FIU.net in the Directive is therefore impossible\nboth for legal and practical reasons. The same applies to Recital 40.","location":[["Proposal for a directive","Article 53 \u2013 paragraph 1"]],"meps":[96780],"meta":{"created":"2019-07-03T05:16:07"},"new":["1. Member States shall encourage their","FIUs to use protected channels of","communication between FIUs."],"old":["1. Member States shall encourage their","FIUs to use protected channels of","communication between FIUs and to use","the decentralised computer network","FIU.net."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"484","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-158","justification":" Lawyers will often be expected to retain documentation after the lawyer-client relationship\n may be considered to have ended or after the limitation period expires of a given transaction\n carried out for the client for periods exceeding the 10 year limit in the Commission proposal.","location":[[" Proposal for a directive","Recital 31"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:04"},"new":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. 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In particular, further processing","of personal data for commercial purposes","of the obliged entity should be strictly","prohibited."],"old":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. The","processing of personal data should be","permitted in order to comply with the","obligations laid down in this Directive,","including carrying out of customer due","diligence, ongoing monitoring,","investigation and reporting of unusual and","suspicious transactions, identification of","the beneficial owner of a legal person or","legal arrangement, sharing of information","by competent authorities and sharing of","information by financial institutions. 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These","technologies shall allow FIUs to match","their data with other FIUs in an anonymous","way by ensuring full protection of personal","data with the aim to detect subjects of the","FIU's interests in other Member States and","identify their proceeds and funds."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"487","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-488","location":[["Proposal for a directive","Article 54 \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:07"},"new":["Member States shall encourage","cooperation of their FIUs with Europol","regarding analyses carried out having a","cross-border dimension concerning at least","two Member States."],"old":["Member States shall ensure that their","FIUs cooperate with Europol regarding","analyses carried out having a cross-border","dimension concerning at least two Member","States."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"488","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-162","location":[[" Proposal for a directive","Recital 32 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:05"},"new":["(32a) It is of utmost importance that","investment co-financed by the Community","budget fulfils the highest standards to","prevent financial crimes including","corruption and tax evasion. The","European Investment Bank therefore has","adopted in 2008 an internal guideline","entitled \"Policy on preventing and","deterring prohibited conduct in European","Investment Bank activities\" on the legal","basis of Article 325 TFEU, Article 18 of","the EIB Statute and of the Council","Regulation (EC, Euratom) No 1605/2002","of 25 June 2002. Following the adoption","of the policy the EIB shall report on","suspicions or alleged cases of money","laundering affecting EIB supported","projects, operations and transactions to","the Luxembourg Financial Intelligence","Unit."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"162","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Bill Newton Dunn, Graham Watson, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-489","location":[[" Proposal for a directive","Article 54 \u2013 paragraph 1"]],"meps":[1394,2155,114268],"meta":{"created":"2019-07-03T05:16:07"},"new":["Member States shall encourage their FIUs","to cooperate with Europol regarding","analyses carried out having a cross-border","dimension concerning at least two Member","States."],"old":["Member States shall ensure that their","FIUs cooperate with Europol regarding","analyses carried out having a cross-border","dimension concerning at least two Member","States."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"489","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-163","location":[["Proposal for a directive","Recital 32 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:05"},"new":["(32a) The European Investment Bank","(EIB) has adopted in 2008 an overarching","internal \"Policy on preventing and","deterring prohibited conduct in European","Investment Bank activities\", including","money laundering, on the legal basis of","Article 325 TFEU, Article 18 of the EIB","Statute, and Council Regulation (EC,","Euratom) No 1605/2002 of 25 June 2002.","Since the adoption of its policy the EIB","refers suspicions or alleged cases of","money laundering affecting projects,","operations and transactions financed by","the EIB to the Luxembourg Financial","Intelligence Unit."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"163","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-490","location":[[" Proposal for a directive","Article 54 \u2013 paragraph 1"]],"meta":{"created":"2019-07-03T05:16:07"},"new":["Member States shall encourage their FIUs","to cooperate with Europol regarding","analyses carried out having a cross-border","dimension concerning at least two Member","States."],"old":["Member States shall ensure that their","FIUs cooperate with Europol regarding","analyses carried out having a cross-border","dimension concerning at least two Member","States."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"490","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-164","location":[["Proposal for a directive","Recital 33"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:05"},"new":["deleted"],"old":["(33) This Directive is without prejudice to","the protection of personal data processed","in the framework of police and judicial","cooperation in criminal matters, including","the provisions of Framework decision","977/2008/JHA."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"164","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monika Hohlmeier","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-491","justification":"Article 3 of the Council decision establishing the European Police Office (Europol)\n(2009/371/JHA), defines Europol objective to support and strengthen action by the competent\nauthorities of Member States and their mutual cooperation in preventing and combating\norganised crime, terrorism and other forms of serious crime affecting two or more Member\nStates. Article 4 defines illegal money-laundering activities as a competence of Europol.\nTherefore it is necessary to keep Europol involved in the analysis of ongoing cases with a\ncross-border dimension.","location":[[" Proposal for a directive","Article 54 \u2013 paragraph 1"]],"meps":[96780],"meta":{"created":"2019-07-03T05:16:07"},"new":["Member States shall ensure that their FIUs","cooperate with Europol regarding analyses","of ongoing cases having a cross-border","dimension concerning at least two Member","States."],"old":["Member States shall ensure that their FIUs","cooperate with Europol regarding analyses","carried out having a cross-border","dimension concerning at least two Member","States."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"491","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-165","location":[[" Proposal for a directive","Recital 36"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:05"},"new":["(36) Money laundering and terrorist","financing are international problems and","the effort to combat them should be global.","Where Union credit and financial","institutions have branches and subsidiaries","located in third countries where the","legislation in this area is deficient, they","should, in order to avoid the application of","very different standards within the","institution or group of institutions, apply","Union standards. Those Union credit and","financial institutions should work","together with the Member States to ensure","that Union standards are applied wherever","possible."],"old":["(36) Money laundering and terrorist","financing are international problems and","the effort to combat them should be global.","Where Union credit and financial","institutions have branches and subsidiaries","located in third countries where the","legislation in this area is deficient, they","should, in order to avoid the application of","very different standards within the","institution or group of institutions, apply","Union standards or notify the competent","authorities of the home Member State if","application of such standards is","impossible."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"165","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-166","location":[[" Proposal for a directive","Recital 37"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:05"},"new":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews.","In particular, the Commission should","keep track of the use and involvement of","200 and 500 EUR notes in money","laundering and terrorist financing. The","Commission should assess the relevance","of these notes for, on the one hand,","money supply of the real economy and","for, on the other hand, illicit activities.","The assessment should be carried out","within 2 years from the date of entry into","force of this Directive."],"old":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"166","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-492","location":[["Proposal for a directive","Article 54 \u2013 paragraph 1"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:07"},"new":["Member States shall ensure that their FIUs","cooperate with Europol regarding analyses","of on-going cases having a cross-border","dimension concerning at least two Member","States."],"old":["Member States shall ensure that their FIUs","cooperate with Europol regarding analyses","carried out having a cross-border","dimension concerning at least two Member","States."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"492","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-167","location":[["Proposal for a directive","Recital 37"]],"meta":{"created":"2019-07-03T05:16:05"},"new":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews.","The Commission should also include in","its overviews a survey of national risk","assessments. The first survey by the","Commission should be carried out within","one year from the date of entry into force","of this Directive."],"old":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"167","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-493","location":[["Proposal for a directive","Article 54 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:07"},"new":["Article 54a","Trade agreements with third countries","The Commission shall ensure that any","trade agreement with third countries","includes the appropriate means to fight","financial crimes and illicit capital flows","from and to those countries. To this end,","free trade agreements with third countries","shall as a general rule include automatic","data exchange including on capital flows","and taxation, effective cooperation with","the financial authorities and shall","accordingly be re-negotiated if they do not","include such measures."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"493","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-168","location":[[" Proposal for a directive","Recital 37"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:05"},"new":["(37) Feedback should, whenever possible,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"old":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"168","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-494","location":[[" Proposal for a directive","Article 55 \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:07"},"new":["1. Member States shall ensure that obliged","entities can be held liable for breaches of","the national provisions adopted pursuant to","this Directive, including in cases where","obliged entities rely on third parties to","meet the requirements laid down in this","Directive. In addition, Member States","shall ensure that any such third parties","may also be held liable for breaches of","national provisions adopted pursuant to","this Directive."],"old":["1. Member States shall ensure that obliged","entities can be held liable for breaches of","the national provisions adopted pursuant to","this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"494","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-169","location":[["Proposal for a directive","Recital 38"]],"meta":{"created":"2019-07-03T05:16:05"},"new":["deleted"],"old":["(38) Competent authorities should ensure","that, in regard to currency exchange","offices, trust and company service","providers or gambling service providers,","the persons who effectively direct the","business of such entities and the","beneficial owners of such entities are fit","and proper persons. The criteria for","determining whether or not a person is fit","and proper should, as a minimum, reflect","the need to protect such entities from","being misused by their managers or","beneficial owners for criminal purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"169","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel, Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-495","location":[[" Proposal for a directive","Article 55 \u2013 paragraph 1"]],"meps":[96876,96901],"meta":{"created":"2019-07-03T05:16:07"},"new":["1. Member States shall ensure that obliged","entities can be held liable for breaches of","the national provisions adopted pursuant to","this Directive. The penalties must be","effective, proportionate and dissuasive."],"old":["1. Member States shall ensure that obliged","entities can be held liable for breaches of","the national provisions adopted pursuant to","this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"495","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Marlene Mizzi","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-170","location":[["Proposal for a directive","Recital 38"]],"meps":[118858],"meta":{"created":"2019-07-03T05:16:05"},"new":["(38) Competent authorities should ensure","that, in regard to currency exchange","offices, trust and company service","providers or gambling service providers,","the persons who effectively direct the","business of such entities and the beneficial","owners of such entities are fit and proper","persons. The criteria for determining","whether or not a person is fit and proper","should, as a minimum, reflect the need to","protect such entities from being misused by","their managers or beneficial owners for","criminal purposes. Without prejudice to","any future Union legislation in areas not","yet harmonised, the aim and scope of the","licence and, or authorisation imposed for","the purpose of this Directive should only","cover matters falling under this Directive"],"old":["(38) Competent authorities should ensure","that, in regard to currency exchange","offices, trust and company service","providers or gambling service providers,","the persons who effectively direct the","business of such entities and the beneficial","owners of such entities are fit and proper","persons. The criteria for determining","whether or not a person is fit and proper","should, as a minimum, reflect the need to","protect such entities from being misused by","their managers or beneficial owners for","criminal purposes.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"170","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-496","location":[["Proposal for a directive","Article 55 \u2013 paragraph 2"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:08"},"new":["2. Without prejudice to the right of","Member States to impose criminal","penalties, Member States shall ensure that","competent authorities may take appropriate","administrative measures and impose","administrative sanctions where obliged","entities referred to in Article 2(1)(1) and","(2) breach the national provisions, adopted","in the implementation of this Directive, and","shall ensure that they are applied. Those","measures and sanctions shall be effective,","proportionate and dissuasive."],"old":["2. Without prejudice to the right of","Member States to impose criminal","penalties, Member States shall ensure that","competent authorities may take appropriate","administrative measures and impose","administrative sanctions where obliged","entities breach the national provisions,","adopted in the implementation of this","Directive, and shall ensure that they are","applied. Those measures and sanctions","shall be effective, proportionate and","dissuasive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"496","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Roberta Metsola","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-171","location":[[" Proposal for a directive","Recital 38"]],"meps":[118859],"meta":{"created":"2019-07-03T05:16:05"},"new":["(38) Competent authorities should ensure","that, in regard to currency exchange","offices, trust and company service","providers or gambling service providers,","the persons who effectively direct the","business of such entities and the beneficial","owners of such entities are fit and proper","persons. The criteria for determining","whether or not a person is fit and proper","should, as a minimum, reflect the need to","protect such entities from being misused by","their managers or beneficial owners for","criminal purposes. Without prejudice to","any future Union legislation in areas not","yet harmonised, the aim and scope of the","licence or of the authorisation imposed","for the purpose of this Directive, should","only cover matters falling under this","Directive."],"old":["(38) Competent authorities should ensure","that, in regard to currency exchange","offices, trust and company service","providers or gambling service providers,","the persons who effectively direct the","business of such entities and the beneficial","owners of such entities are fit and proper","persons. The criteria for determining","whether or not a person is fit and proper","should, as a minimum, reflect the need to","protect such entities from being misused by","their managers or beneficial owners for","criminal purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"171","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-497","location":[["Proposal for a directive","Article 56 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:08"},"new":["1. This Article shall at least apply to","situations where obliged entities referred","to in Article 2(1)(1) and (2) demonstrate","systematic failings in relation to the","requirements of the following Articles:"],"old":["1. This Article shall at least apply to","situations where obliged entities","demonstrate systematic failings in relation","to the requirements of the following","Articles:"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"497","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-172","location":[[" Proposal for a directive","Recital 39 a (new)"]],"meta":{"created":"2019-07-03T05:16:05"},"new":["(39a) The \"EU FIUs Platform\" is used to","facilitate cooperation among national","FIUs in formulating proposals and","guidelines on law implementation and","policy issues, in sharing information on","trends and risk factors, fostering the","effectiveness of FIUs' international","cooperation, and also in identifying","possible deficiencies or weaknesses and","the possible remedies."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"172","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Monika Hohlmeier","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-173","justification":"A directive should define results and goals - not the precise instruments to achieve those. It\nshould therefore be possible to choose the most efficient and best \"protected channels of\ncommunication\". Defining the instrument FIU.net in the Directive is therefore impossible\nboth for legal and practical reasons. The same applies to Article 53.","location":[["Proposal for a directive","Recital 40"]],"meps":[96780],"meta":{"created":"2019-07-03T05:16:06"},"new":["(40) Improving the exchange of","information between FIUs within the EU is","of particular importance to face the","transnational character of money","laundering and terrorist financing. The use","of secure facilities for the exchange of","information and the techniques offered by","such a network should be encouraged by","Member States."],"old":["(40) Improving the exchange of","information between FIUs within the EU is","of particular importance to face the","transnational character of money","laundering and terrorist financing. The use","of secure facilities for the exchange of","information, especially the decentralised","computer network FIU.net and the","techniques offered by that network should","be encouraged by Member States."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"173","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-498","location":[[" Proposal for a directive","Article 56 \u2013 paragraph 1 \u2013 point b"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:08"},"new":["(b) 32 and 34 (suspicious transaction","reporting);"],"old":["(b) 32, 33 and 34 (suspicious transaction","reporting);"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"498","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-499","location":[[" Proposal for a directive","Article 56 \u2013 paragraph 2 \u2013 point a"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:08"},"new":["(a) a public statement which indicates the","natural or legal person and the nature of the","breach, if necessary and proportionate","after a case by case evaluation;"],"old":["(a) a public statement which indicates the","natural or legal person and the nature of the","breach;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"499","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-174","location":[[" Proposal for a directive","Recital 41"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:06"},"new":["(41) The importance of combating money","laundering and terrorist financing should","lead Member States to lay down effective,","proportionate and dissuasive sanctions in","national law for failure to respect the","national provisions adopted pursuant to this","Directive. Member States currently have a","diverse range of administrative measures","and sanctions for breaches of the key","preventative measures. This diversity could","be detrimental to the efforts put in","combating money laundering and terrorist","financing and the Union's response is at","risk of being fragmented. This Directive","should therefore include a range of","administrative measures and sanctions that","Member States shall have available for","systematic breaches of the requirements","relating to customer due diligence","measures, record keeping, reporting of","suspicious transactions and internal","controls of obliged entities. This range","should be sufficiently broad to allow","Member States and competent authorities","to take account of the differences between","obliged entities, in particular between","financial institutions and other obliged","entities, as regards their size,","characteristics, level of risk and areas of","activity. 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This Directive","should therefore include a range of","administrative measures and sanctions that","Member States shall have available for","systematic breaches of the requirements","relating to customer due diligence","measures, record keeping, reporting of","suspicious transactions and internal","controls of obliged entities. This range","should be sufficiently broad to allow","Member States and competent authorities","to take account of the differences between","obliged entities, in particular between","financial institutions and other obliged","entities, as regards their size,","characteristics and areas of activity. 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Where publication would cause a","disproportionate damage to the parties","involved, competent authorities shall","publish the sanctions on an anonymous","basis."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"506","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-507","location":[["Proposal for a directive","Article 57 \u2013 paragraph 1"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:08"},"new":["1. 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Where publication would cause a","disproportionate damage to the parties","involved, competent authorities shall","publish the sanctions on an anonymous","basis."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"508","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-184","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 c (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:06"},"new":["(2c) the Single Supervisory Mechanism;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"184","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monica Luisa Macovei, V\u00e9ronique Mathieu Houillon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-509","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 1 a (new)"]],"meps":[96824,4412],"meta":{"created":"2019-07-03T05:16:09"},"new":["1a. Member States shall ensure that non-","conviction based confiscation of property","on the balance of probabilities, extended","confiscation and confiscation from third","parties should be extensively used. In all","cases confiscation must be ordered by a","court be it criminal or civil."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"509","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-185","justification":" In Some Member States the task of real estate agents consists only in bringing together real\n estate buyers and sellers and does not include the formal act of conclusion of the contract and\n the relevant financial transactions, so the wording should be more specified.","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point d"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:06"},"new":["(d) real estate agents, including letting","agents, in so far as they are involved in","the financial transactions associated with","the purchase or sale of real estate;"],"old":["(d) real estate agents, including letting","agents;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"185","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-510","location":[["Proposal for a directive","Article 57 \u2013 paragraph 2"]],"meta":{"created":"2019-07-03T05:16:09"},"new":["deleted"],"old":["2. Member States shall ensure that when","determining the type of administrative","sanctions or measures and the level of","administrative pecuniary sanctions, the","competent authorities shall take into","account all relevant circumstances,","including:","(a) the gravity and the duration of the","breach;","(b) the degree of responsibility of the","responsible natural or legal person;","(c) the financial strength of the","responsible natural or legal person, as","indicated by the total turnover of that","person or the annual income of that","person;","(d) the importance of profits gained or","losses avoided by the responsible natural","or legal person, insofar as they can be","determined;","(e) the losses for third parties caused by","the breach, insofar as they can be","determined;","(f) the level of cooperation of the","responsible natural or legal person with","the competent authority;","(g) previous breaches by the responsible","natural or legal person."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"510","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-186","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point d"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:07"},"new":["(d) real estate agents if they are involved in","financial transactions concerned with the","sale or purchase of real estate;"],"old":["(d) real estate agents, including letting","agents;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"186","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-511","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 2 \u2013 point b a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:09"},"new":["(ba) where applicable, the extent to which","an employee has been encouraged or","pressured to act in a certain way by the","internal rules, instructions or practices of","the relevant institution;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"511","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ivo Belet","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-187","justification":"The directive must not be confined to natural or legal persons trading in goods. Other\nactivities must be covered, too, where cash payments of more than EUR 7 500 are made. The\nscope should extended in this way so that sports club activities, for instance, are also\nencompassed.","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point e"]],"meps":[28257],"meta":{"created":"2019-07-03T05:16:07"},"new":["(e) other natural or legal persons carrying","out financial transactions, only to the","extent that payments are made or received","in cash in an amount of EUR 7 500 or","more, whether the transaction is executed","in a single operation or in several","operations which appear to be linked;"],"old":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 7 500 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"nl","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"187","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-512","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 3"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:09"},"new":["3. In order to ensure their consistent","application and dissuasive effect across","the Union, EBA, EIOPA, and ESMA shall","issue guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"old":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"512","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Pierre Audy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-188","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point e"]],"meps":[33775],"meta":{"created":"2019-07-03T05:16:07"},"new":["(e) other natural or legal persons trading in","goods or services, only to the extent that","payments are made or received in cash in","an amount of EUR 7 500 or more, whether","the transaction is executed in a single","operation or in several operations which","appear to be linked;"],"old":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","","EUR 7 500 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"188","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-513","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 3"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:09"},"new":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 1 year of the date of","entry into force of this Directive."],"old":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"513","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" S\u0142awomir Nitras","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-189","justification":" Lowering the threshold on cash transactions to 7 500 EUR made or received by natural and\n legal persons trading in goods will result in including in scope of the Directive significant\n number of entities including SMEs. Introduction of such a provision could be\n disproportionally burdensome on legitimate businesses and FIUs in relation to the results\n possible to achieve.","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point e"]],"meps":[96794],"meta":{"created":"2019-07-03T05:16:07"},"new":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 15 000 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"old":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 7 500 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"pl","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"189","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-514","location":[["Proposal for a directive","Article 57 \u2013 paragraph 3"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:09"},"new":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 18 months of the","date of entry into force of this Directive."],"old":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"514","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s, Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-190","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f"]],"meps":[28193,96862],"meta":{"created":"2019-07-03T05:16:07"},"new":["(f) casinos."],"old":["(f) providers of gambling services."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"190","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-515","location":[[" Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:09"},"new":["(b) appropriate protection, including full","anonymity, for persons who report","potential or actual breaches, in particular","and without prejudice to national","provisions regulating judicial","proceedings, the confidentiality of the","identity of those persons during all stages","of the procedure;"],"old":["(b) appropriate protection for employees of","institutions who report breaches","committed within the institution;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"515","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-191","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:07"},"new":["(f) providers of gambling services. With","the exception of casinos and online","gambling, Member States may decide to","exempt fully or in part certain gambling","services from national provisions","transposing the provisions of this","Directive on the basis of the low risk","posed by the nature of operations of such","service providers."],"old":["(f) providers of gambling services."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"191","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-516","location":[[" Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:09"},"new":["(ba) appropriate protection for the","accused person;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"516","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sampo Terho","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-192","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f"]],"meps":[107385],"meta":{"created":"2019-07-03T05:16:07"},"new":["(f) providers of gambling services. With","the exception of casinos and online","gambling Member states may exclude","specific types of gambling services where","the risk of money laundering or terrorist","financing is neglectable due to low stakes","and the ways by which the gambling","services are provided."],"old":["(f) providers of gambling services."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"192","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-517","location":[[" Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b b (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:09"},"new":["(bb) appropriate protection from adverse","treatment at work for, and provision of","legal assistance to, both the person who","reports and the accused person;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"517","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-193","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:07"},"new":["(fa) With the exception of casinos and","online gambling, Member States may","decide to exempt certain gambling","services from the provisions of this","directive on the basis of the proven low","risk posed by the nature of operations of","such service providers. Any decision taken","by a Member State pursuant to this","paragraph shall be notified to the","Commission."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"193","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-518","location":[["Proposal for a directive","Article 58 a (new)"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:09"},"new":["Article 58a","1. The processing of personal data for the","purposes of this Directive shall be carried","out in accordance with Directive","95/46/EC and, where relevant, Regulation","(EC) No 45/2001. Any further processing","of data for commercial purposes is","prohibited.","2. Access by the data subject to","information contained in a suspicious","transaction report shall be prohibited.","With the exception of the information","contained in a suspicious transaction","report, if a data subject's rights regarding","their personal data are unduly limited or","restricted by obliged entities or competent","authorities, the data subject may refer the","matter to their data protection authority in","accordance with Directive 95/46/EC."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"518","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-519","location":[["Proposal for a directive","Article 58 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:09"},"new":["Article 58a","Delegated Powers","1. The power to adopt delegated acts is","conferred on the Commission subject to","the conditions laid down in this Article.","2. The power to adopt delegated acts","referred to in Article 5(1a) shall be","conferred on the Commission for an","indeterminate period of time from the date","referred to in Article 62.","3. The delegation of power referred to in","Article 5(1a) may be revoked at any time","by the European Parliament or by the","Council. A decision to revoke shall put an","end to the delegation of the power","specified in that decision. It shall take","effect on the day following the publication","of that decision in the Official Journal of","the European Union or on a later date","specified therein. It shall not affect the","validity of any delegated acts already in","force.","4. As soon as it adopts a delegated act, the","Commission shall notify it simultaneously","to the European Parliament and to the","Council.","5. A delegated act adopted pursuant to","Article 5(1a) shall enter into force only if","no objection has been expressed either by","the European Parliament or the Council","within a period of two months of","notification of that act to the European","Parliament and the Council or if, before","the expiry of that period, the European","Parliament and the Council have both","informed the Commission that they will","not object. That period shall be extended","by two months at the initiative of the","European Parliament or the Council."],"old":["",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"519","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-520","location":[[" Proposal for a directive","Article 59 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:09"},"new":["Within three years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive in the","individual Member States and submit it to","the European Parliament and the Council.","The report shall also contain information","about the assessment of the risk of money","laundering and financing of terrorism,","the measures taken by the Member States","to reduce the risk, their actual","implementation and their effectiveness.","For the purposes of subparagraph 1,","Member States shall inform the","Commission annually what steps they","have taken to identify, assess, understand","and mitigate the money laundering and","terrorist financing risks affecting them.","Member States shall make available to the","Commission all relevant domestic legal","and administrative provisions and","information about money laundering","methods, the effectiveness of the measures","taken and investigations into cases of","money laundering and terrorist financing."],"old":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council."],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"520","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sirpa Pietik\u00e4inen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-194","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 2 a (new)"]],"meps":[40599],"meta":{"created":"2019-07-03T05:16:07"},"new":["2a. With the exception of casinos and","online gambling, Member States may","decide to exempt fully or in part certain","gambling services from national","provisions transposing the provisions of","this Directive on the basis of the proven","low risk posed by the nature of operations","of such services. Any decision taken by a","Member State pursuant to this paragraph","shall be notified to the Commission."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"194","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-521","location":[["Proposal for a directive","Article 59 \u2013 paragraph 1"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:09"},"new":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council.","The report shall include an assessment on","the effects of trade agreements between","EU and third countries regarding the","fight against financial crimes and","recommendations for current and future","trade agreements to effectively prevent","financial crimes."],"old":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council.",""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"521","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-195","justification":"Decisions on the scope of the new Directive should be evidence-based and risk-based in\naccordance with the Financial Action Task Force. We cannot have a wider than necessary\nscope of the Directive capturing \u2018all gambling providers\u2019 as low risk sub-sectors will face\ndisproportionate and burdensome measures.","location":[["Proposal for a directive","Article 2 \u2013 paragraph 2 a (new)"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:07"},"new":["2a. With the exception of casinos and","online gambling, Member States may","decide to exempt fully or in part providers","of certain gambling services from","national provisions transposing the","provisions of this Directive on the basis of","the low risk posed by the nature and scale","of operations of such service providers."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"195","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-522","location":[[" Proposal for a directive","Article 59 \u2013 paragraph 1 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:10"},"new":["The Commission shall submit to the","European Parliament and the Council","within one year of the entry into force of","this Directive a report on the provisions","concerning serious tax offences and","punishments in the Member States, on the","crossborder significance of tax offences","and on the possible need for a coordinated","approach in the EU, accompanied if","appropriate by a legislative proposal."],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"522","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-196","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:07"},"new":["(3a) Member States may, after conducting","risk analyses in accordance with Article 7,","partially or in full exempt certain","products provided by entities under (3) f).","Before any exemption Member State shall","seek the approval of the Commission."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"196","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-523","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 1 \u2013 point c a (new)"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ca) beneficial owners of pooled accounts","held by notaries and other independent","legal professionals from the Member","States, or from third countries provided","that they are subject to requirements to","combat money laundering or terrorist","financing consistent with international","standards and are supervised for","compliance with those requirements and","provided that the information on the","identity of the beneficial owner is","available, on request, to the institutions","that act as depository institutions for the","pooled accounts."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"523","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Pierre Audy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-197","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[33775],"meta":{"created":"2019-07-03T05:16:08"},"new":["(fa) undertakings that primarily operate","with cash;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"197","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-524","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 1 \u2013 point c a (new)"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ca) beneficial owners of pooled accounts","held by notaries and other independent","legal professionals from the Member","States, or from third countries provided","that they are subject to requirements to","combat money laundering or terrorist","financing consistent with international","standards and are supervised for","compliance with those requirements and","provided that the information on the","identity of the beneficial owner is","available, on request, to the institutions","that act as depository institutions for the","pooled accounts."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"524","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s, Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-198","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[28193,96862],"meta":{"created":"2019-07-03T05:16:08"},"new":["(fa) providers of online gambling services;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"198","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-525","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 1 \u2013 point c a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ca) Obliged entities where they are","subject to requirements to combat money","laundering and terrorist financing under","this Directive and have effectively","implemented those requirements;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"525","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s, Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-199","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f b (new)"]],"meps":[28193,96862],"meta":{"created":"2019-07-03T05:16:08"},"new":["(fb) other providers of gambling services."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"199","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-526","justification":" Simplified customer due diligence should continue to be allowed under the fourth anti-money\n laundering directive in relation to pooled client accounts held by notaries and lawyers to\n prevent excessive administrative burdens and data processing by obliged entities. The\n wording is partly derived from recital 23 in the third anti-money laundering directive\n (2005/60/EC) from Interpretative note 10, paragraph 17(a)b in the revised FATF standards.","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 1 \u2013 point c a (new)"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ca) Obliged entities where they are","subject to requirements to combat money","laundering and terrorist financing under","this Directive and have effectively","implemented those requirements."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"526","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel, Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-527","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e a (new)"]],"meps":[96876,96901],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ea) Long term purpose-orientated","savings agreements, serving for instance","as a safeguard for retirement provisions","or for the acquisition of self-used real","estate and where the incoming payments","originate from a payment account which","is identified according to article 11 and 12","of the directive."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"527","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-200","justification":"Whereas professional sport is particularly vulnerable to money laundering, frequently\nassociated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\nthe Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\nshortcoming, the professional sport sector should be subject to the AMLD4 on the same\ngrounds as the other non-financial professions.","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:08"},"new":["(fa) natural or legal persons involved in","professional sport, in particular sport","organisations, clubs and sport managers,","sportsmen and sportswomen and players'","agents."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"200","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-528","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ea) financial products low in value where","repayment is conducted through a bank","account in the name of the customer;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"528","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-201","justification":"La mise en place d\u2019une limitation g\u00e9n\u00e9rale des paiements en esp\u00e8ces au niveau europ\u00e9en est\nindispensable \u00e0 la prise en compte des risques li\u00e9s \u00e0 la circulation d\u2019argent liquide dans le\nmarch\u00e9 int\u00e9rieur. Cette mesure adopt\u00e9e au niveau europ\u00e9en aura l\u2019avantage d\u2019\u00e9viter les\nrisques de \u00ab forum shopping \u00bb de la part des blanchisseurs de capitaux qui pourraient\nprofiter de l\u00e9gislations plus souples. La plupart des Etats membres de l\u2019Union europ\u00e9enne ont\n\n d\u2019ores et d\u00e9j\u00e0 adopt\u00e9 des mesures nationales de limitation des paiements en esp\u00e8ces et la\n transposition au niveau europ\u00e9en de cette mesure ne serait qu\u2019une cons\u00e9quence logique de\n ces politiques nationales.","location":[["Proposal for a directive","Article 1 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:08"},"new":["Article 1a","The Member States shall prohibit cash","payments greater than or equal to","EUR 7 500 so the transaction can be","executed in a single operation or in","several operations that appear to be","linked."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"201","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-529","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e a (new)"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ea) financial products which aim at","financial physical assets in the form of","leasing agreements or of low value","consumer credit, provided the","transactions are carried out through bank","accounts."],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"529","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-202","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:08"},"new":["1a. Member States shall prohibit cash","transfers exceeding 10 000 Euro, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"202","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-530","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ea) long-term purpose-orientated savings","agreements, serving for instance as a","safeguard for retirement provision or for","the acquisition of self-used real estate,","and where the incoming payments are","made from an account which is identified","in accordance with Articles 11 and 12 of","the Directive."],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"530","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Bill Newton Dunn, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-203","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 6"]],"meps":[114268,4274,1394,2155],"meta":{"created":"2019-07-03T05:16:08"},"new":["6. In assessing the risk of money","laundering or terrorist financing occurring","for the purposes of this Article, Member","States shall pay special attention to any","financial activity which is regarded as","particularly likely, by its nature, to be used","or abused for money laundering or terrorist","financing purposes. In a similar fashion,","activities which are particularly unlikely","to be used for money laundering or","terrorist financing purposes shall be","treated accordingly."],"old":["6. In assessing the risk of money","laundering or terrorist financing occurring","for the purposes of this Article, Member","States shall pay special attention to any","financial activity which is regarded as","particularly likely, by its nature, to be used","or abused for money laundering or terrorist","financing purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"203","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-531","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e b (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(eb) non-face-to-face business","relationships or transactions where the","identity can be verified electronically;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"531","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-204","justification":"The fourth directive must follow the FATF recommendations, which strictly prohibit\nanonymous accounts and ask for risks arising from the emergence of new payment methods to\nbe taken into account. Electronic money accounts may be anonymous accounts and it is\nimportant to be able to counter this new risk. To deal with these new risks, it is proposed to\n\n strengthen the conditions in which electronic money may be subject to diligence measures.","location":[["Proposal for a directive","Article 2 \u2013 paragraph 6 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:08"},"new":["6a. The Member States may decide, on the","basis of a proven low risk, to apply","exemptions from diligence measures to","occupations liable to use electronic money","[as defined in Article 2(2) of Directive","2009/110/EC of the European Parliament","and of the Council] only if all the","following conditions are met:","(i) the payment instrument is not","rechargeable and the maximum amount","that has been stored electronically is not","greater than EUR 100. The Member","States may increase this amount to","EUR 250 for national payments;","(ii) the payment instrument may be used","solely for the purchase of goods and","services;","(iii) the electronic money storage medium","may not be topped up by electronic","money;","(iv) cash reimbursements and cash","withdrawals shall be prohibited except","when requirements concerning the","identification and checking of the identity","of the bearer, adequate, appropriate","measures for withdrawal and","reimbursement procedures, and data","conservation have been fulfilled."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"204","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-205","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 2 a (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:09"},"new":["(2a) \"Central Settlement system\" means a","settlement system as defined in Directive","98/26/EC on settlement finality in","payment and securities settlement systems"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"205","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-532","location":[[" Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 2 \u2013 point e c (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ec) such products, services and","transactions identified as low risk by the","competent authorities of the home","Member State of the obliged entities."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"532","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-533","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point a"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:10"},"new":["(a) EU Member States;"],"old":["(a) other EU Member States;"],"orig_lang":"de","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"533","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-206","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point f"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:09"},"new":["(f) all offences, including tax crimes","related to direct taxes and indirect taxes,","which are punishable by deprivation of","liberty or a detention order for a maximum","of one year or more or, as regards those","States which have a minimum threshold for","offences in their legal system, all offences","punishable by deprivation of liberty or a","detention order for a minimum of six","months;"],"old":["(f) all offences, including tax crimes","related to direct taxes and indirect taxes,","which are punishable by deprivation of","liberty or a detention order for a maximum","of more than one year or, as regards those","States which have a minimum threshold for","offences in their legal system, all offences","punishable by deprivation of liberty or a","detention order for a minimum of more","than six months;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"206","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-534","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point d a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(da) jurisdictions identified by the","Commission having anti-money","laundering measures equivalent to those","laid down by this Directive and other","related rules and regulations of the","Union;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"534","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-535","location":[["Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point b"]],"meps":[96703],"meta":{"created":"2019-07-03T05:16:10"},"new":["(b) products or transactions that might","favour or allow for anonymity;"],"old":["(b) products or transactions that might","favour anonymity;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"535","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-207","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point f"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:09"},"new":["(f) all offences, including tax crimes","related to direct taxes and indirect 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It must be clearly established that the legal definition of tax crime that is used\nat national level must not interfere with investigations by the competent authorities and\nfinancial intelligence units seeking information in this area.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point f"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:09"},"new":["(f) all offences which are punishable by","deprivation of liberty or a detention order","for a maximum of more than one year or,","as regards those States which have a","minimum threshold for offences in their","legal system, all offences punishable by","deprivation of liberty or a detention order","for a minimum of more than six months;"],"old":["(f) all offences, including tax crimes","related to direct taxes and indirect taxes,","which are punishable by deprivation of","liberty or a detention order for a maximum","of more than one year or, as regards those","States which have a minimum threshold for","offences in their legal system, all offences","punishable by deprivation of liberty or a","detention order for a minimum of more","than six months;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"208","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-537","location":[[" Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point c"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:11"},"new":["(c) non-face-to-face business relationships","or transactions without safeguards such as","electronic verification of identity;"],"old":["(c) non-face-to-face business relationships","or transactions;"],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"537","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-209","justification":" The concept of tax crimes must be separated from any reference to a specified sentence or\n type of penalty. It must be clearly established that the legal definition of tax crime that is used\n at national level must not interfere with investigations by the competent authorities and\n financial intelligence units seeking information in this area.","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point f a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:09"},"new":["(fa) tax crimes related to direct taxes and","indirect taxes. Whatever the definition of","tax crime used at national level, this must","not impede implementation of the","provisions of this Directive, particularly","as regards reporting obligations and","national and international cooperation","between the competent authorities during","an investigation."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"209","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-538","justification":"Where available, electronic forms of verifying the identity of the customer may successfully\nmitigate against the risk of impersonation that arises in non-face-to-face relationships.","location":[[" Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point 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The","notion of control shall be determined,","inter alia, in accordance with the criteria","in Article 22(1) to (5) of Directive","2013/34/EU of the European Parliament","and of the Council of 26 June 2013 on the","annual financial statements, consolidated","financial statements and related reports of","certain types of undertakings [...][1].","[1] OJ L 182, 29.6.2013, p.19."],"old":["A percentage of 25% plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"212","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-543","justification":" Il doit \u00eatre obligatoire pour tous les Etats membres d\u2019appliquer des mesures de vigilances\n renforc\u00e9es \u00e0 toutes les transactions qui impliquent des juridictions non coop\u00e9ratives. Par\n ailleurs, les recommandations 10 et 19 du GAFI (et leurs notes interpr\u00e9tatives) doivent \u00eatre\n transpos\u00e9es au niveau communautaire : la Directive doit pr\u00e9voir que les vigilances\n renforc\u00e9es pr\u00e9vues \u00e0 la note interpr\u00e9tative de la recommandation 10 (\u00a720) sont une boite \u00e0\n outils fournissant les mesures que les Etats membres doivent appliquer aux pays \u00ab list\u00e9s \u00bb. La\n Directive doit, au moins pr\u00e9voir que les contre-mesures que les Etats membres doivent\n appliquer en cas d\u2019appel du GAFI \u00e0 le faire sont incluses dans l\u2019une des mesures list\u00e9es au \u00a7\n 2 de la note interpr\u00e9tative de la recommandation 19.L\u2019Union europ\u00e9enne doit endoss\u00e9es les\n vigilances renforc\u00e9es du GAFI mais doit aussi \u00eatre libre de compl\u00e9ter ces vigilances\n renforc\u00e9es par d\u2019autres mesures. Enfin, il est propos\u00e9 d\u2019introduire une obligation pour\n chaque Etat membre de notifier \u00e0 la Commission les mesures prises contre les juridictions\n non coop\u00e9ratives et, le cas \u00e9ch\u00e9ant, contre un Etat tiers non list\u00e9.","location":[[" Proposal for a directive","Annex 3 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["Annex IIIa","The following is a list of examples of","countermeasures that Member States","may, at least, apply pursuant to [Article","16a(2)]:","(a) requiring financial institutions to","apply specific elements of the enhanced","due diligence measures;","(b) introducing enhanced relevant","reporting mechanisms or systematic","reporting of financial transactions;","(c) refusing the establishment of","subsidiaries, branches or representative","offices of financial institutions from the","country concerned, or otherwise taking","into account the fact that the financial","institution concerned is from a 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point i \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:10"},"new":["\"In any event a percentage of 25% plus","one share shall be evidence of ownership","or control through shareholding and applies","to every level of direct and indirect","ownership without prejudice to the right","for Member States to decide that a lower","percentage may be evidence of ownership","or control.\""],"old":["A percentage of 25% plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"213","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-545","justification":" Il doit \u00eatre obligatoire pour tous les \u00c9tats membres d\u2019appliquer des mesures de vigilances\n renforc\u00e9es \u00e0 toutes les transactions qui impliquent des juridictions non coop\u00e9ratives. Par\n ailleurs, les recommandations 10 et 19 du GAFI (et leurs notes interpr\u00e9tatives) doivent \u00eatre\n\ntranspos\u00e9es au niveau communautaire : la Directive doit pr\u00e9voir que les vigilances\nrenforc\u00e9es pr\u00e9vues \u00e0 la note interpr\u00e9tative de la recommandation 10 (\u00a720) sont une boite \u00e0\noutils fournissant les mesures que les \u00c9tats membres doivent appliquer aux pays \u00ab list\u00e9s \u00bb. La\nDirective doit, au moins pr\u00e9voir que les contre-mesures que les \u00c9tats membres doivent\nappliquer en cas d\u2019appel du GAFI \u00e0 le faire sont incluses dans l\u2019une des mesures list\u00e9es au \u00a7\n2 de la note interpr\u00e9tative de la recommandation 19.L\u2019Union europ\u00e9enne doit endoss\u00e9es les\nvigilances renforc\u00e9es du GAFI mais doit aussi \u00eatre libre de compl\u00e9ter ces vigilances\nrenforc\u00e9es par d\u2019autres mesures. Enfin, il est propos\u00e9 d\u2019introduire une obligation pour\nchaque \u00c9tat membre de notifier \u00e0 la Commission les mesures prises contre les juridictions\nnon coop\u00e9ratives et, le cas \u00e9ch\u00e9ant, contre un \u00c9tat tiers non list\u00e9.","location":[[" Proposal for a directive","Annex 3 b (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["Annex IIIb","The following is a list of examples of","enhanced due diligence measures that","Member States may, at least, apply","pursuant to Article 16a(3):","(a) obtaining additional information on","the customer (e.g. occupation, volume of","assets, information available through","public databases, internet, etc.), and","updating more regularly the identification","data of customer and beneficial owner;","(b) obtaining additional information on","the intended nature of the business","relationship;","(c) obtaining information on the source of","funds or source of wealth of the customer;","(d) 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enhanced due","diligence measures that Member States","should at least apply for the application of","article 16:","- Obtaining additional information on the","customer (e.g. occupation, volume of","assets, information available through","public databases, internet, etc.), and","updating more regularly the identification","data of customer and beneficial owner.","- Obtaining additional information on the","intended nature of the business","relationship.","- Obtaining information on the source of","funds or source of wealth of the customer.","- Obtaining information on the reasons","for intended or performed transactions.","- Obtaining the approval of senior","management to commence or continue","the business relationship.","- Conducting enhanced monitoring of the","business relationship, by increasing the","number and timing of controls applied,","and selecting patterns of transactions that","need further examination.","- Requiring the first payment to be carried","out through an account in the customer\u2019s","name with a bank subject to similar CDD","standards."],"old":[""],"orig_lang":"en","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"546","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-11T00:00:00","id":"PE524.801-547","location":[[" Proposal for a directive","Annex 3 c (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["Annex IIIc","The essential information referred to in","Article 29(3) is as follows: name, proof of","establishment, legal form and status,","address of main office, the key factors","governing the company's operation, the","list of members of the board of directors","(memorandum, articles of association, list","of directors)."],"orig_lang":"fr","peid":"PE524.801v02-00","reference":"2013/0025(COD)","seq":"547","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.801+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-215","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point i \u2013 paragraph 1"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:10"},"new":["A percentage of 10% plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"old":["A percentage of 25% plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"215","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-216","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point i \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:10"},"new":["Direct or indirect holding or control of a","percentage of 25% plus one share of a","legal entity shall be evidence of ownership","or control;"],"old":["A percentage of 25% plus one share shall","be evidence of ownership or control","through shareholding and applies to every","level of direct and indirect ownership;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"216","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-217","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point ii"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ii) if there is any doubt that the person(s)","identified in point (i) are the beneficial","owner(s) or if after having taken all the","necessary measures no person can be","found under point (i), the natural person(s)","who exercises control over the legal entity","or its management through other means,","which may include senior managing","officials;"],"old":["(ii) if there is any doubt that the person(s)","identified in point (i) are the beneficial","owner(s), the natural person(s) who","exercises control over the management of","a legal entity through other means;",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"217","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-218","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point ii"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ii) if there is any doubt that the person(s)","identified in point (i) are the beneficial","owner(s) or if no person can be found","under point (i), the natural person(s) who","exercises control over the management of a","legal entity through other means;"],"old":["(ii) if there is any doubt that the person(s)","identified in point (i) are the beneficial","owner(s), the natural person(s) who","exercises control over the management of a","legal entity through other means;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"218","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-219","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point a \u2013 point ii a (new)"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:10"},"new":["(iia) where no natural person is identified","under (i) or (ii), the identity of the","relevant natural person who holds the","position of senior managing official;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"219","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-220","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point b \u2013 point i"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:10"},"new":["(i) the natural person(s) who exercises","control over 10 % or more of the property","of a legal arrangement or entity; and"],"old":["(i) the natural person(s) who exercises","control over 25 % or more of the property","of a legal arrangement or entity; and"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"220","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-221","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point b \u2013 point ii"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:10"},"new":["(ii) where the future beneficiaries have","already been determined, the natural","person(s) who is the beneficiary of 10 % or","more of the property of a legal arrangement","or entity; or"],"old":["(ii) where the future beneficiaries have","already been determined, the natural","person(s) who is the beneficiary of 25 % or","more of the property of a legal arrangement","or entity; or"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"221","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel, Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-222","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 5 \u2013 point b \u2013 point iii a (new)"]],"meps":[96876,96901],"meta":{"created":"2019-07-03T05:16:10"},"new":["(iiia) For trusts, the identity of the settlor,","trustee(s), the protector (if any), the","beneficiary or class of beneficiaries, and","any other natural person exercising","ultimate effective control over the trust","(including through a chain of control or","ownership);"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"222","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-223","justification":" Extension of the concept of \u2018domestic politically exposed persons\u2019 to all European politically\n exposed persons is not in accordance with FATF recommendations. The FATF requires that\n all Member States and their politically exposed persons should be treated in the same way. It\n does not allow for any distinction between \u2018foreign\u2019 states, whether EU or non-EU states.\n There is no FATF provision for treating the EU as a supranational jurisdiction.","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point a"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["(a) \u2018foreign politically exposed persons\u2019","means natural persons who are or have","been entrusted with prominent public","functions by another Member State or","third country;"],"old":["(a) \u2018foreign politically exposed persons\u2019","means natural persons who are or have","been entrusted with prominent public","functions by a third country;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"223","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-224","justification":" Extension of the concept of \u2018domestic politically exposed persons\u2019 to all European politically\n\nexposed persons is not in accordance with FATF recommendations. The FATF requires that\nall Member States and their politically exposed persons should be treated in the same way. It\ndoes not allow for any distinction between \u2018foreign\u2019 states, whether EU or non-EU states.\nThere is no FATF provision for treating the EU as a supranational jurisdiction.","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point b"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["(b) \u2018domestic politically exposed persons\u2019","means natural persons who are or who","have been entrusted by a Member State","with prominent public functions at","national level;"],"old":["(b) \u2018domestic politically exposed persons\u2019","means natural persons who are or who","have been entrusted by a Member State","with prominent public functions;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"224","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-225","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point b"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:11"},"new":["(f) \u2018domestic exposed persons\u2019 means","natural persons who are or who have been","entrusted by a Member State with","prominent political, commercial or","administrative functions;"],"old":["(f) \"domestic politically exposed persons\"","means natural persons who are or who","have been entrusted by a Member State","with prominent public functions;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"225","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-226","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point d \u2013 introductory part"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:11"},"new":["(d) \u2018natural persons who are or have been","entrusted with prominent political,","commercial or administrative functions\u2019","shall include the following:"],"old":["(d) \"natural persons who are or have been","entrusted with prominent public functions\"","shall include the following:"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"226","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-227","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point d \u2013 point vi"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:11"},"new":["(vi) members of the administrative,","management or supervisory bodies of","State-owned and private enterprises and","all types of foundations and other","religious and secular associations and","establishments."],"old":["(vi) members of the administrative,","management or supervisory bodies of State","owned enterprises."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"227","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-228","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point e \u2013 point iii a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:11"},"new":["(iiia) the children of the spouse or of any","partner considered as equivalent to the","spouse;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"228","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-229","justification":" The identification of natural persons for the purpose of this Directive should be based on\n\nevidence rather than an assumption. Referring to \u201cevidence\u201d provides for broader clarity\nthan what can be interpreted under the wording \u201cknown to\u201d.","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point f \u2013 introductory part"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:11"},"new":["(f) \u2018persons that evidence indicates are","close associates\u2019 shall include the","following:"],"old":["(f) \u2018persons known to be close associates\u2019","shall include the following:"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"229","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-230","justification":"The identification of natural persons for the purpose of this Directive should be based on\nevidence rather than an assumption. Referring to \u201cevidence\u201d provides for broader clarity\nthan what can be interpreted under the wording \u201cknown to\u201d.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point f \u2013 point i"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:11"},"new":["(i) any natural person who evidence","indicates has joint beneficial ownership of","legal entities or legal arrangements, or any","other close business relations, with a","person referred to in points (7)(a) to (7)(d)","above;"],"old":["(i) any natural person who is known to","have joint beneficial ownership of legal","entities or legal arrangements, or any other","close business relations, with a person","referred to in points (7)(a) to (7)(d) above;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"230","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Salvatore Iacolino","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-231","justification":" To combat money laundering effectively, the directive should regulate all games, including\n those marketed on social networks.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 10"]],"meps":[96818],"meta":{"created":"2019-07-03T05:16:11"},"new":["(10) \u201cgambling services\u201d means any","service which involves wagering a stake","with monetary value, or which can be","converted into money, in games of chance","including those with an element of skill","such as lotteries, bingo, casino games,","poker games and betting transactions that","are provided at a physical location, or by","any means at a distance, by electronic","means or any other technology for","facilitating communication, and at the","individual request of a recipient of","services;"],"old":["(10) \u201cgambling services\u201d means any","service which involves wagering a stake","with monetary value in games of chance","including those with an element of skill","such as lotteries, casino games, poker","games and betting transactions that are","provided at a physical location, or by any","means at a distance, by electronic means or","any other technology for facilitating","communication, and at the individual","","request of a recipient of services;"],"orig_lang":"it","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"231","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-232","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 10 a (new)"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:11"},"new":["(10a) \u2018Betting transaction\u2019: transaction in","the sense of Article 12 of this Directive","that means all the stages in the","commercial relationship between, on the","one hand, the gambling service provider","and, on the other hand, the customer and","the beneficiary of the registration of the","bet and the stake until the payout of any","winnings."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"232","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-233","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 10 b (new)"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:11"},"new":["(10b) \u2018operations which appear to be","linked\u2019: in the sense of Article 10 of this","Directive, this means only gambling","operations conducted for a client by a","provider of gambling services that relate","to the same game or round of games."],"old":["",""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"233","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Bill Newton Dunn, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-234","justification":"To be added as subpoint after 3 (11).The Directive should lay out a definition of non-face-to-\nface business relationships or transactions to avoid that intermediary business would be\ndefined as non-face-to-face business.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 11 a (new)"]],"meps":[2155,1394,114268],"meta":{"created":"2019-07-03T05:16:11"},"new":["(11a) 'non-face to-face' business","relationships or transactions mean","carrying out of a contract or a","transaction, without the simultaneous","physical presence of the contractor or","intermediary and the consumer, by","making exclusive use of one or more of","the internet, telemarketing or other","electronic means of communication up to","and including the time at which the","contract is concluded;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"234","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-235","justification":" A definition of what is considered a beneficiary of a contract should be provided for the\n purpose of the application of the Directive. This is the approach taken by the FATF in its\n Recommendations, where a specific definition is provided for specific contexts.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 11 b (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:11"},"new":["(11b) 'beneficiary' may depend on the","context:","(a) In trust law, a beneficiary is the","person or persons who are entitled to the","benefit of any trust arrangement. A","beneficiary can be a natural or legal","person or arrangement. All trusts other","than charitable or statutory permitted","non-charitable trusts are required to have","ascertainable beneficiaries. While trusts","must always have some ultimately","ascertainable beneficiary, trusts may have","no defined existing beneficiaries but only","objects of a power until some person","becomes entitled as beneficiary to income","or capital on the expiry of a defined","period, known as the accumulation","period. This period is normally","coextensive with the trust perpetuity","period which is usually referred to in the","trust deed as the trust period.","(b) In the context of life insurance or","another investment linked insurance","policy, a beneficiary is the natural or legal","person, or a legal arrangement, or","category of persons, who will be paid the","policy proceeds if an insured event occurs,","which is covered by the policy."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"235","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-236","location":[[" Proposal for a directive","Article 4 \u2013 paragraph 1"]],"meps":[33570,1394,4274],"meta":{"created":"2019-07-03T05:16:11"},"new":["1. Member States shall ensure that the","provisions of this Directive are extended in","whole or in part to professions and to","categories of undertakings, other than the","obliged entities referred to in Article 2(1),","which engage in activities which are","particularly likely to be used for money","laundering, terrorist financing purposes,","criminal activity as defined in Article 3(4)","or aggressive tax avoidance."],"old":["1. Member States shall ensure that the","provisions of this Directive are extended in","whole or in part to professions and to","","categories of undertakings, other than the","obliged entities referred to in Article 2(1),","which engage in activities which are","particularly likely to be used for money","laundering or terrorist financing purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"236","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-237","location":[["Proposal for a directive","Article 4 \u2013 paragraph 1"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:11"},"new":["1. Member States shall, in accordance","with the risk assessment, ensure that the","provisions of this Directive are extended in","whole or in part to professions and to","categories of undertakings, other than the","obliged entities referred to in Article 2(1),","which engage in activities which are","particularly likely to be used for money","laundering or terrorist financing purposes."],"old":["1. Member States shall ensure that the","provisions of this Directive are extended in","whole or in part to professions and to","categories of undertakings, other than the","obliged entities referred to in Article 2(1),","which engage in activities which are","particularly likely to be used for money","laundering or terrorist financing purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"237","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-238","justification":" The Directive should ensure that Member States do not extend the scope of the Directive\n without providing demonstrable evidence that these categories provide a risk to money-\n laundering. Obliged entities may otherwise be required to allocate resources to risk\n categories which only have very limited or no exposure to money laundering threats.","location":[["Proposal for a directive","Article 4 \u2013 paragraph 1"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:12"},"new":["1. Member States shall, following a risk-","based approach, ensure that the provisions","of this Directive are extended in whole or","in part to professions and to categories of","undertakings, other than the obliged","entities referred to in Article 2(1), which","engage in activities which are particularly","likely to be used for money laundering or","terrorist financing purposes."],"old":["1. Member States shall ensure that the","provisions of this Directive are extended in","whole or in part to professions and to","categories of undertakings, other than the","obliged entities referred to in Article 2(1),","which engage in activities which are","","particularly likely to be used for money","laundering or terrorist financing purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"238","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-239","justification":" The Directive should ensure that Member States do not extend the scope of the Directive\n without providing demonstrable evidence that these categories provide a risk to money-\n laundering. Obliged entities may otherwise be required to allocate resources to risk\n categories which only have very limited or no exposure to money laundering threats.","location":[[" Proposal for a directive","Article 4 \u2013 paragraph 2"]],"meps":[2155,114268],"meta":{"created":"2019-07-03T05:16:12"},"new":["2. Where a Member State decides to extend","the provisions of this Directive to","professions and to categories of","undertakings other than those referred to in","Article 2(1), it shall inform the","Commission thereof, and shall provide the","necessary evidence for including these","professions or categories of undertakings","under the scope of this Directive."],"old":["2. Where a Member State decides to extend","the provisions of this Directive to","professions and to categories of","undertakings other than those referred to in","Article 2(1), it shall inform the","Commission thereof."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"239","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-240","location":[["Proposal for a directive","Article 4 \u2013 paragraph 2 a (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:12"},"new":["2a. The European Investment Bank shall","adopt and publish on their website an","anti-money laundering policy, containing","detailed procedures that give effect to","provisions under this Directive"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"240","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-241","location":[["Proposal for a directive","Article 5 \u2013 paragraph 1"]],"meta":{"created":"2019-07-03T05:16:12"},"new":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing, provided","that such provisions are not contrary to","EU legislation, in particular concerning","data protection and consumer protection,","whereas they respect the provisions of the","EU Charter of Fundamental Rights and","of the European Convention of Human","Rights."],"old":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"241","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-242","location":[["Proposal for a directive","Article 5 \u2013 paragraph 1"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:12"},"new":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing, provided","that such provisions are in full","compliance with the Union legal order,","especially as regards Union data","protection rules and the protection of","fundamental rights as enshrined in the","Charter of Fundamental Rights of the","European Union. Such provisions shall","not unduly prevent consumers from","accessing financial services and shall not","constitute an obstacle to the functioning","of the Single Market."],"old":["The Member States may adopt or retain in","","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"242","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-243","location":[[" Proposal for a directive","Article 5 \u2013 paragraph 1"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:12"},"new":["Member States may adopt or retain in force","stricter provisions in the field covered by","this Directive to prevent money laundering","and terrorist financing providing that such","provisions do not unduly prevent","consumers from accessing financial","services and do not constitute an obstacle","to the functioning of the Single Market."],"old":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"243","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-244","location":[[" Proposal for a directive","Article 5 \u2013 paragraph 1 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:12"},"new":["Equivalence","1. The Commission shall by means of","delegated acts in accordance with Article","58a adopt decisions on the recognition of","the legal and supervisory framework of","jurisdictions outside the Union as","compliant with minimum standards of","good governance in tax matters as defined","by Commission Recommendation C(2012)","8805 and equivalent to the minimum","requirements of this Directive.","2. As of January 2018, corporate or legal","entities, including trusts, foundations,","holdings and all other similar, in terms of","structure or function, existing or future","legal arrangements, established, or","governed under the law of, jurisdictions","outside the Union not deemed compliant","and equivalent, shall be prohibited from","operating within the Union."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"244","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-245","justification":" Les modifications propos\u00e9es \u00e0 l\u2019article 6 actuel visent \u00e0 renforcer les obligations relatives \u00e0\n l\u2019analyse supranationale des risques. Il n\u2019est pas suffisant de conf\u00e9rer un r\u00f4le exclusif aux\n autorit\u00e9s europ\u00e9ennes de supervision pour conduire cette analyse supranationale des risques,\n\net il est important de tenir compte de l\u2019implication d\u2019autres parties prenantes dans ce\nprocessus (les acteurs non financiers notamment). Les r\u00e9sultats de l\u2019analyse des risques\npermettront \u00e0 la Commission de prendre en compte les risques identifi\u00e9s et de d\u00e9cider des\nmesures de vigilances \u00e0 appliquer, \u00e0 travers l\u2019adoption d\u2019actes d\u2019application appropri\u00e9s\n(actes d\u00e9l\u00e9gu\u00e9s par exemple). En cas de risques faibles identifi\u00e9s comme tels par la\nCommission, les Etats membres peuvent adopter des mesures plus contraignantes au niveau\nnational.","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:12"},"new":["1. The Commission shall take all","appropriate measures to identify,","understand and assess the risks of money","laundering and terrorist financing","affecting the internal market, with","particular reference to cross-border","activities, in cooperation with Europol,","the Committee of European Financial","Intelligence Units, the European Banking","Authority (hereinafter \u2018EBA\u2019), European","Insurance and Occupational Pensions","Authority (hereinafter \u2018EIOPA\u2019) and","European Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) and any other","competent authority.","2. The Commission shall:","- ensure that risk assessments are updated","- make the results of these assessments","available to the Member States, Europol,","the Committee of European Financial","Intelligence Units, EBA, EIOPA, ESMA","and any other competent authority, in","accordance with paragraph 1;","- make the results of these assessments","accessible to those working in occupations","liable to use electronic money so they can","carry out and administer their own","assessment of the money laundering and","terrorist financing risks affecting the","internal market.","3. In order to respond to the risks","identified and to determine the","appropriate diligence measures to be","implemented, the Commission shall adopt","the acts needed, in accordance with the","procedure laid down in Regulation (EU)","No 182/2011.","4. The Commission shall be assisted by","the Committee on the Prevention of","Money Laundering and Terrorist","Financing (hereinafter referred to as \u2018the","Committee\u2019). The Committee shall be","heard in accordance with the provisions","of Regulation (EU) No 182/2011.","5. Member States may implement more","stringent measures than those provided","for in paragraph 4."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market.",""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"245","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-246","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:12"},"new":["The Commission shall submit a report on","the money laundering and terrorist","financing risks affecting the internal","market to the European Parliament and","the Council within 18 months from the","date of entry into force of this Directive.","The Commission's report shall cover at","least the following aspects:","a) identification of the areas of the","internal market at greater risk of money","laundering and terrorist financing;","(b) money laundering and terrorist","financing risks outside the financial","sector;","(c) the role of EUR 500 notes in criminal","activities and money laundering and the","impact of a possible discontinuation of the","issuing of EUR 500 notes in the eurozone;","(d) risks related to gambling services.","For the purposes of subparagraph 1, the","European Banking Authority (hereinafter","'EBA'), European Insurance and","Occupational Pensions Authority","(hereinafter 'EIOPA') and European","Securities and Markets Authority","(hereinafter 'ESMA') shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market within one year from the","date of entry into force of this Directive."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"246","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-247","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:12"},"new":["The Commission shall provide an","assessment at European level on the","identification, understanding and analysis","of cross-border phenomena and money","laundering and terrorist financing risks","affecting the internal market. In order to","prepare and carry out the assessment the","Commission shall be assisted by the","Expert Group on Money Laundering and","Terrorist Financing (hereinafter","'EGMLTF') and include advice from the","European Banking Authority (hereinafter","'EBA'), the European Insurance and","Occupational Pensions Authority","(hereinafter 'EIOPA'), the European","Securities and Markets Authority","(hereinafter 'ESMA'), the European Data","Protection Supervisor, the Committee of","European Financial Intelligence Units,","the Article 29 Working Party, Europol","and other relevant authorities."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"247","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-248","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:12"},"new":["The Commission shall produce an","assessment on the money laundering and","terrorist financing risks affecting the","internal market. In order to produce such","assessment, the Commission shall consult","the Member States, shall take into","account the joint opinion provided by the","European Banking Authority (hereinafter","\"EBA\"), the European Insurance and","Occupational Pensions Authority","(hereinafter \"EIOPA\"), the European","Securities and Markets Authority","(hereinafter \"ESMA\"), and shall consult","the EU FIUs' Platform, the EDPS, Article","29 Working Party, Europol and other","relevant authorities."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"248","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt, Bill Newton Dunn, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-249","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[114268,4274,1394,2155],"meta":{"created":"2019-07-03T05:16:12"},"new":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market. The joint opinion shall","include proposals for minimum standards","for risk assessments to be conducted by","competent national authorities. These","minimum standards shall be developed in","cooperation with Member States and shall","involve the industry and other relevant","stakeholders through public consultations","and private stakeholders meetings as","appropriate."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"249","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-250","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:12"},"new":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market. EBA, EIOPA and ESMA","shall ensure that they take into account","the information provided by obliged","entities referred to in Article 2 of this","Directive in developing the joint opinion."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"250","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-251","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:13"},"new":["The risk assessment shall be","comprehensive and include at least an","overall evaluation of the extent of money","laundering, the risks associated to each","relevant sector, the most widespread","means used by criminals to launder illicit","proceeds and the recommendations to the","competent authorities on the effective","deployment of resources."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"251","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-252","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:13"},"new":["deleted"],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"252","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-253","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:13"},"new":["deleted"],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"253","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-254","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:13"},"new":["The risk assessment shall be provided","every six months starting [one year after","the date of entry into force of this","Directive] or more frequent, if","appropriate."],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"254","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-255","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:13"},"new":["The opinion shall be provided within 1","year from the date of entry into force of","this Directive."],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"255","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-256","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:13"},"new":["In order to address the risks identified and","to ensure adequate customer due","diligence measures the Commission shall","adopt implementing acts in accordance","with Article 291 TFEU that shall make","use of the findings of the regular risk","assessments.","Those implementing acts shall be adopted","in accordance with the advisory procedure","referred to in Article 4 of Regulation","182/2011. On duly justified imperative","grounds of urgency, the Commission shall","adopt immediately applicable","implementing acts in accordance with the","procedure referred to in Article 8 of","Regulation 182/2011."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"256","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-257","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:13"},"new":["1a. For the purposes of paragraph 1,","Europol shall submit an opinion on the","money laundering and terrorist financing","risks affecting the internal market within","one year from the date of entry into force","of this Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"257","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-258","location":[["Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:13"},"new":["deleted"],"old":["2. The Commission shall make the","opinion available to assist Member States","and obliged entities to identify, manage","and mitigate the risk of money laundering","and terrorist financing."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"258","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-259","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:13"},"new":["2. The Commission shall:","- keep the assessment up to date,","- make the results of its risk assessment","publicly available to Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing, and to allow other","stakeholders including legislators to better","understand the financial risks,","- make appropriate information available","to obliged entities to carry out their own","money laundering and terrorist financing","risk assessments.","The Commission shall be assisted by the","Committee on the Prevention of Money","Laundering and Terrorist Financing,","hereinafter referred to as 'the Committee'.","The Committee shall be a committee","within the meaning of Regulation EU","182/2011.","Where high risks are identified at","European level by the Commission, the","Member States AML/CFT regimes shall","address these high risks. Without","prejudice to any other measures taken at","national level by Member States to","manage and mitigate these risks, the","Commission could prescribe to Member","States to take enhanced due diligence to","manage and mitigate risks. Member","States shall ensure that financial","institutions and Designated Non-","Financial Businesses and Professions","take into account these enhanced due","diligence measures to carry out and","manage their own money laundering and","terrorist financing risk assessments.","For the application of the above sub","paragraph, the Commission shall ensure","that Member States have effectively taken","into account its risk assessment in their","national AML/FT legislation."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"259","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-260","location":[["Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:13"},"new":["2. The Commission shall provide an","annual report to the European Parliament","and the Council on the findings resulting","from the regular risk assessments and the","action taken based on those findings."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"260","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-261","location":[["Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:13"},"new":["2. The Commission shall make the report","and the opinions referred to in paragraph","1, subparagraphs 2 and 1a(new) available","to assist Member States and obliged","entities to identify, manage and mitigate","the risk of money laundering and terrorist","financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"261","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-262","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:13"},"new":["2. The Commission shall make the opinion","publicly available to assist Member States","and obliged entities to identify, manage","and mitigate the risk of money laundering","and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"262","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-263","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:13"},"new":["2. The Commission shall make the opinion","available to the public to assist Member","States and obliged entities to identify,","manage and mitigate the risk of money","laundering and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"263","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-264","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2 \u2013 point a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:13"},"new":["(a) The opinion and minimum standards","shall be updated on a biannual basis."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"264","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-265","location":[["Proposal for a directive","Article 6 \u2013 paragraph 2 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:14"},"new":["2a. In order to ensure a consistent","application of the measures to address","money laundering and terrorist financing","risks, the EGMLTF shall be empowered","to analyse risk assessments conducted by","Member States if those assessments","address issues relevant for the internal","market. The EGMLTF shall provide an","opinion on the adequacy of the","assessments and endorse guidance for","further action. Non-compliance by","Member States with the EGMLTF","guidance shall result in recommendations","from the Commission to take specific","measures in accordance with the","objectives and requirements set out in this","Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"265","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-266","location":[["Proposal for a directive","Article 6 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:14"},"new":["Article 6a","Committee on the Prevention of Money","Laundering and Terrorism Financing","1. The Commission shall ensure that","national AML/CFT legislations of the","Member States adopted on the basis of the","present directive are effectively consistent","with the European framework and","implemented.","2. For the application of paragraph 1, the","Commission will be assisted by the","Committee on the Prevention of Money","Laundering and Terrorism Financing],","and, where applicable, by the European","Supervisory Authorities and other","European competent authorities.","3. Evaluations of national AML/CTF","legislations intended at paragraph 1 are","made without prejudice of those","conducted by the Financial Action Task","Force or the FATF Style Regional Bodies.","4, The Member States shall endorse in","their national AML/CFT regimes all the","lists of countries published by FATF","which are directly applicable in national","law.","5. The Member States shall be able to","apply appropriate countermeasures when","called upon to do so by the FATF. Such","countermeasures have to be effective and","proportionate to the risks and include at","least one of the measures set out in Annex","[IV].","6. The Member States shall require from","their financial institutions to apply","enhanced due diligence measures with","natural and legal persons, and financial","institutions from the abovementioned","countries in paragraph 4. The type of","enhanced due diligence measures applied","should be effective and proportionate to","the risks and include one of the measures","set out in Annex [V]","7. The Member States are free to","implement the requirements stated in","paragraph 5 and 6 of this article even in","absence of any call by FATF to do so","towards third countries. In such case,","Member States concerned shall inform","the ESAs and the Commission of the","identity of that third country, and the","nature of countermeasure(s) taken.","8.The Committee on the Prevention of","Money Laundering and Terrorist","Financing shall ensure a minimum level","of coordination of the actions taken by","Member States on the enhanced due","diligence measures and countermeasures","they adopt towards countries mentioned at","paragraph 4."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"266","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-267","justification":" Afin de compl\u00e9ter les dispositions relatives \u00e0 l\u2019analyse supranationale des risques, la\n proposition de directive doit \u00eatre renforc\u00e9e par l\u2019introduction d\u2019une r\u00e9f\u00e9rence \u00e0 une\n \u00e9valuation europ\u00e9enne des r\u00e9gimes nationaux de lutte contre le blanchiment de capitaux et le\n financement du terrorisme. Il est essentiel pour le march\u00e9 int\u00e9rieur que soit confi\u00e9 un r\u00f4le\n proactif \u00e0 la Commission pour \u00e9valuer la conformit\u00e9 au cadre europ\u00e9en des l\u00e9gislations\n nationales adopt\u00e9es en mati\u00e8re de lutte contre le blanchiment de capitaux et le financement\n du terrorisme. Cette \u00e9valuation communautaire sera ax\u00e9e sur la mise en \u0153uvre effective de la\n directive et ne doublonnera pas les \u00e9valuations d\u00e9j\u00e0 conduites par ailleurs par le Groupe\n d\u2019action financi\u00e8re.","location":[["Proposal for a directive","Article 6 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:14"},"new":["Article 6a","1. Without prejudice to the infringement","proceedings provided for in the Treaty on","European Union, the Commission shall","ensure that the national legislation to","combat money laundering and terrorist","financing adopted by the Member States","on the basis of this Directive is","implemented effectively and in","accordance with the European","framework.","2. For the application of paragraph 1, the","Commission shall be assisted by the","Committee and, where appropriate,","Europol, the Committee of European","Financial Intelligence Units, EBA,","EIOPA, ESMA and any other competent","European authority, in accordance with","paragraph 1.","3. Assessments of national legislation to","combat money laundering and terrorist","financing provided for in paragraph 1 of","this article shall be carried out without","prejudice to those conducted by the","Financial Action Task Force or","Moneyval."],"old":[""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"267","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-268","justification":"Tout en soutenant l\u2019approche par les risques et la n\u00e9cessit\u00e9 de prendre en compte les\nsp\u00e9cificit\u00e9s nationales de chaque Etat membre, il est \u00e9galement important de pr\u00e9voir des\nm\u00e9canismes visant \u00e0 renforcer une certaine coh\u00e9rence entre les diff\u00e9rentes d\u00e9cisions\nnationales. Ceci est une exigence fondamentale pour le march\u00e9 int\u00e9rieur et pour une lutte\nefficace contre le blanchiment de capitaux et le financement du terrorisme. Cette proposition\nvise \u00e0 mettre en place un processus qui permette d\u2019assurer une coordination ex-ante (c\u2019est-\u00e0-\ndire avant que les politiques nationales ne soient adopt\u00e9es sur la base des analyses de risques\nqui auront \u00e9t\u00e9 conduites au niveau national) quand des risques faibles ont \u00e9t\u00e9 identifi\u00e9s et de\npartager les informations pertinentes, sans \u00eatre pour autant prescriptif. L\u2019\u00e9valuation des\nanalyses de risques nationale par le Comit\u00e9 est envisag\u00e9e comme un m\u00e9canisme souple\nd\u2019\u00e9change d\u2019information et d\u2019\u00e9laboration des analyses. Les Etats membres seront encourag\u00e9s\n\u00e0 modifier leurs analyses dans certains cas.","location":[[" Proposal for a directive","Article 6 b (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:14"},"new":["Article 6b","1. Each Member State shall send the","Committee a report on the results of the","risk analyses carried out under Article","7(1), beginning at the Committee\u2019s first","meeting. Other Member States shall be","encouraged to provide Member States that","are carrying out risk analyses with any","additional information, when necessary.","2. In order to ensure consistent adoption","of policies, the Committee shall carry out","a careful examination of risk analyses","that relate to subjects of particular","importance for the internal market.","3. On the basis of the analysis described","in paragraph 2, the Committee shall","determine the suitability of the above-","mentioned risk analyses and any need for","correction or amendment of these","analyses. Failure by a Member State to","take note of the guidelines laid down by","the Committee may result in","recommendations by the Commission to","take specific measures that are consistent","with the Directive\u2019s objectives and","requirements."],"old":[""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"268","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-269","location":[["Proposal for a directive","Article 7 \u2013 paragraph 1"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:14"},"new":["1. Each Member State shall take","appropriate steps to identify, assess,","understand and mitigate the money","laundering and terrorist financing risks","affecting it, and keep the assessment up-to-","date. This assessment shall comply with,","but not be limited to, the minimum","standards referred to in Article 6 (1)."],"old":["1. Each Member State shall take","appropriate steps to identify, assess,","understand and mitigate the money","","laundering and terrorist financing risks","affecting it, and keep the assessment up-to-","date."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"269","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monika Hohlmeier","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-270","justification":" According to Art. 4(1) of the Council decision of 6 April 2009 establishing the European\n Police Office (Europol) (2009/371/JHA), the fight against illegal money-laundering activities\n is part of Europol's competences.","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 2"]],"meps":[96780],"meta":{"created":"2019-07-03T05:16:14"},"new":["2. Each Member State shall designate an","authority to co-ordinate the national","response to the risks referred to in","paragraph 1. The identity of that authority","shall be notified to the Commission, EBA,","EIOPA, Europol and ESMA and other","Member States."],"old":["2. Each Member State shall designate an","authority to co-ordinate the national","response to the risks referred to in","paragraph 1. The identity of that authority","shall be notified to the Commission, EBA,","EIOPA and ESMA and other Member","States."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"270","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-271","justification":" Equivalent to Regulation (EC) 882/2004","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 2 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:14"},"new":["2a. Commission experts shall carry out","general and specific audits in Member","States. The Commission may appoint","experts from Member States to assist its","own experts. General and specific audits","shall be organised in cooperation with","Member States' competent authorities.","Audits shall be carried out on a regular","basis. In order to facilitate the efficiency","and effectiveness of the audits, the","Commission may, in advance of carrying","out such audits, request that the Member","States provide, as soon as possible, up-to-","date copies of national control plans.","The Commission shall report on the","findings of each control carried out. Its","report shall, if appropriate, contain","recommendations for Member States on","the improvement of anti money","laundering and terrorist financing rules.","The Commission shall make its reports","publicly available. In the case of reports","on controls carried out in a Member","State, the Commission shall provide the","relevant competent authority with a draft","report for comments, take those comments","into consideration in preparing the final","report and publish the competent","authority's comments together with the","final report.","The Commission shall establish an","annual control programme, communicate","it to Member States in advance, and","report on its results.","Member States shall:","(a) take appropriate follow-up action in","the light of the recommendations","resulting from Community controls;","(b) give all necessary assistance and","provide all documentation and other","technical support that Commission","experts request to enable them to carry","out controls efficiently and effectively;","(c) ensure that Commission experts have","access to all premises or parts of premises","and to information, including computing","systems, relevant to the execution of their","duties."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"271","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-272","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 3"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:14"},"new":["3. In carrying out the assessments referred","to in paragraph 1, Member States shall","take account of the report and the","opinions referred to in Article 6 and shall","inform the Commission, where","appropriate, of any variations noticed","when carrying out the assessments","referred to in paragraph 1."],"old":["3. In carrying out the assessments referred","to in paragraph 1, Member States may","make use of the opinion referred to in","Article 6(1)."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"272","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-273","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 3"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:14"},"new":["3. In carrying out the assessments referred","to in paragraph 1, Member States shall","make use of the opinion referred to in","Article 6(1)."],"old":["3. In carrying out the assessments referred","to in paragraph 1, Member States may","make use of the opinion referred to in","Article 6(1)."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"273","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-274","location":[["Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point a a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:14"},"new":["(aa) identify, where appropriate, sectors","or areas at negligible, lower and greater","risk of money laundering and terrorist","financing;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"274","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-275","location":[["Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point b a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:14"},"new":["(ba) use the assessment(s) to ensure that","appropriate rules be drawn up for each","sector or area, in accordance with the risk","of money laundering;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"275","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-276","location":[["Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point c"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:14"},"new":["(c) make the required information","available to obliged entities to carry out","their own money laundering and terrorist","financing risk assessments and develop","appropriate policies, controls and","procedures to mitigate and manage risks."],"old":["(c) make appropriate information available","to obliged entities to carry out their own","money laundering and terrorist financing","risk assessments."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"276","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-277","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 5"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:15"},"new":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA."],"old":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA upon request."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"277","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Bill Newton Dunn, Graham Watson, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-278","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 5"]],"meps":[1394,2155,114268],"meta":{"created":"2019-07-03T05:16:15"},"new":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA, ESMA and obliged entities","upon request."],"old":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA upon request."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"278","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-279","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 5"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:15"},"new":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA, ESMA and Europol upon","request."],"old":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","","EBA, EIOPA and ESMA upon request."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"279","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel, Wim van de Camp","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-280","location":[["Proposal for a directive","Article 8 \u2013 paragraph 1"]],"meps":[96876,96754],"meta":{"created":"2019-07-03T05:16:15"},"new":["1. Member States shall ensure that obliged","entities take appropriate steps to identify","and assess their money laundering and","terrorist financing risks, in particular with","the introduction of effective model risk","management frameworks that include","model development and implementation","as well as effective validation taking into","account risk factors including customers,","countries or geographic areas, products,","services, transactions or delivery channels.","These steps shall be proportionate to the","nature and size of the obliged entities."],"old":["1. Member States shall ensure that obliged","entities take appropriate steps to identify","and assess their money laundering and","terrorist financing risks taking into account","risk factors including customers, countries","or geographic areas, products, services,","transactions or delivery channels. These","steps shall be proportionate to the nature","and size of the obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"280","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-281","location":[["Proposal for a directive","Article 8 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:15"},"new":["3. Member States shall ensure that obliged","entities have policies, controls and","procedures to mitigate and manage","effectively the money laundering and","terrorist financing risks identified at Union","level, Member State level, and at the level","of obliged entities. Policies, controls and","procedures should be proportionate to the","nature and size of those obliged entities","and the risk of money laundering and","terrorist financing."],"old":["3. Member States shall ensure that obliged","entities have policies, controls and","procedures to mitigate and manage","effectively the money laundering and","terrorist financing risks identified at Union","level, Member State level, and at the level","of obliged entities. Policies, controls and","","procedures should be proportionate to the","nature and size of those obliged entities."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"281","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-282","location":[[" Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 point a"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:15"},"new":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening. In any case, these measures","shall not allow these obliged entities to","ask consumers to provide more personal","data than necessary or deny access to","financial services to some categories of","consumers both at national and cross-","border level.;"],"old":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"282","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-283","location":[[" Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 point a"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:15"},"new":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening. These measures shall not allow","the obliged entities to ask consumers to","provide more personal data than","necessary or deny access to financial","services to some categories of consumers","both at national and cross-border level;"],"old":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"283","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel, Wim van de Camp","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-284","location":[["Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 point a"]],"meps":[96876,96754],"meta":{"created":"2019-07-03T05:16:16"},"new":["(a) the development of internal policies,","procedures and controls, including model","risk management practices, customer due","diligence, reporting, record keeping,","internal control, compliance management","(including, when appropriate to the size","and nature of the business, the appointment","of a compliance officer at management","level) and employee screening;"],"old":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"284","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-285","location":[["Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 subparagraph 1 (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:16"},"new":["Should the nature and size of an obliged","entity prevent it from meeting the","requirements referred to in paragraph 4","and/or if the risk of money laundering","and terrorist financing is negligible,","Member States may lay down","requirements which are less stringent","than those set out in paragraph 4.","Member States shall inform the","Commission accordingly."],"old":[""],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"285","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-286","location":[[" Proposal for a directive","Article 8 \u2013 paragraph 5 a (new)"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:16"},"new":["5a. Member States and obliged entities","should identify and assess the money","laundering or terrorist financing risks","that may arise in relation to the use of","new or developing technologies or","business practices, including new delivery","mechanisms, for both new and pre-","existing products. In the case of obliged","entities, such a risk assessment should","take place prior to the launch of the new","products, business practices or the use of","new or developing technologies. Obliged","entities should take appropriate measures","to manage and mitigate those risks."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"286","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-287","location":[[" Proposal for a directive","Article 8 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:16"},"new":["Article 8a","Off-shore Policy","1. In order to develop a common","approach and common policies against","non-cooperative jurisdictions with","deficiencies in the field of combatting","money laundering, Member States shall","periodically endorse and adopt the lists of","countries published by the FATF.","2. The Commission shall coordinate","preparatory work at the European level","on the identification of third countries","with grave strategic deficiencies in their","money laundering regimes that pose","significant risks to the financial system of","the European Union, taking into account","the criteria set out in the paragraph 3 of","Annex III.","3. The Commission shall be empowered to","adopt delegated acts in order to establish a","list of countries as defined in paragraph","2.","4. The Commission shall monitor on a","regular basis the evolution of the situation","in the countries defined in paragraph 2 on","the basis of criteria set out in paragraph 3","of Annex III and, where appropriate,","shall review the list referred to in","paragraph 3."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"287","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-288","location":[["Proposal for a directive","Article 9 \u2013 paragraph 1"]],"meps":[96703],"meta":{"created":"2019-07-03T05:16:16"},"new":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts, anonymous","passbooks or issuing anonymous payment","cards. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts, anonymous","passbooks or anonymous payment cards","be made the subject of customer due","diligence measures as soon as possible and","in any event before such accounts or","passbooks are used in any way."],"old":["Member States shall prohibit their credit","","and financial institutions from keeping","anonymous accounts or anonymous","passbooks. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts or","anonymous passbooks be made the subject","of customer due diligence measures as","soon as possible and in any event before","such accounts or passbooks are used in any","way."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"288","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-289","location":[[" Proposal for a directive","Article 9 \u2013 paragraph 1"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:16"},"new":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts or anonymous","passbooks or issuing e-money without","identifying the e-money holder and","verifying the e-money holder. Member","States shall in all cases require that the","owners and beneficiaries of existing","anonymous accounts or anonymous","passbooks be made the subject of customer","due diligence measures as soon as possible","and in any event before such accounts or","passbooks are used in any way."],"old":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts or anonymous","passbooks. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts or","anonymous passbooks be made the subject","of customer due diligence measures as","soon as possible and in any event before","such accounts or passbooks are used in any","way."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"289","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-290","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point b"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:16"},"new":["(b) when carrying out transactions","amounting to EUR 15 000 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"old":["(b) when carrying out occasional","transactions amounting to EUR 15 000 or","more, whether the transaction is carried out","in a single operation or in several","operations which appear to be linked;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"290","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-291","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point c"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:16"},"new":["(c) for natural or legal persons trading in","goods, when carrying out transactions in","cash amounting to EUR 7 500 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"old":["(c) for natural or legal persons trading in","goods, when carrying out occasional","transactions in cash amounting to EUR 7","500 or more, whether the transaction is","carried out in a single operation or in","several operations which appear to be","linked;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"291","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber, Manfred Weber, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-292","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d \u2013 introductory part"]],"meps":[1917,28229,96876],"meta":{"created":"2019-07-03T05:16:16"},"new":["(d) for providers of gambling services;"],"old":["(d) for providers of gambling services,","when carrying out occasional","transactions amounting to EUR 2 000 or","more, whether the transaction is carried","out in a single operation or in several","operations which appear to be linked;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"292","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sari Essayah, Sampo Terho","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-293","justification":" One could imagine that someone plays with a bucket full of coins with a slot machine and is\n theoretically able to play more than 2000 euros a day, but this would be highly impractical\n and improbable method for money laundering and would not necessitate due diligence\n measures.","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96682,107385],"meta":{"created":"2019-07-03T05:16:16"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked. Member States may","exclude from due diligence measures","certain types of gambling services where","the risk of money laundering is minimal","due to the low stakes used and the means","by which these gambling services are","provided making them an impractical and","inefficient method for laundering money;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"293","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Nils Torvalds, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-294","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[2155,114268,1394],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;","According to the provisions of this","Directive, Member States may exclude","from due diligence measures certain types","of gambling services where the risk of","money laundering is minimal due to the","low stakes used or the means by which","these gambling services are provided","making them an impractical and","inefficient method for laundering money;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"294","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s, Sophie Auconie","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-295","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[28193,96862],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for casinos, when carrying out","occasional transactions amounting to EUR","2 000 or more, whether the transaction is","carried out in a single operation or in","several operations which appear to be","linked; for on-line gambling when","establishing the business relationship; for","other providers of gambling services,","when paying out winnings of EUR 3 000","or less;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"295","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Antonio Masip Hidalgo","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-296","justification":" It is necessary to distinguish between types of gambling according to the likelihood that they\n will be used for money laundering. It would be unreasonable to require gambling service\n providers to check on apparently linked prize payouts less than EUR 2 000, since these\n present a low risk. An arrangement of that kind would be very difficult for providers to\n comply with and, moreover, would not be an attractive option for money launderers, given\n that they would have to pay a premium and, if they were obliged to deal with many sellers,\n would be in greater danger of betrayal.","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[28338],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for casino providers, when carrying out","occasional transactions amounting to","EUR 2 000 or more, whether the","transaction is carried out in a single","operation or in several operations which","appear to be linked; in the case of online","gambling, when establishing a business","relationship; for other providers of","gambling services, when paying out prizes","amounting to EUR 2 000 or more;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"es","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"296","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rosa Estar\u00e0s Ferragut","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-297","justification":"It is necessary to distinguish between types of gambling according to the likelihood that they\nwill be used for money laundering. It would be unreasonable to require gambling service\nproviders to check on apparently linked prize payouts less than EUR 2 000, since these\npresent a low risk. An arrangement of that kind would be very difficult for providers to\ncomply with and, moreover, would not be an attractive option for money launderers, given\nthat they would have to pay a premium and, if they were obliged to deal with many sellers,\nwould be in greater danger of betrayal.","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96811],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for casino providers, when carrying out","occasional transactions amounting to","EUR 2 000 or more, whether the","transaction is carried out in a single","operation or in several operations which","appear to be linked; in the case of online","gambling, when establishing a business","relationship; for other providers of","gambling services, when paying out prizes","amounting to EUR 2 000 or more;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"es","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"297","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Diogo Feio","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-298","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96977],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","whose individual value amounts to","EUR 2000 or more;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"orig_lang":"pt","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"298","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-299","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 3 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"es","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"299","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sampo Terho","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-300","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[107385],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 3000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"300","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-301","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:17"},"new":["(d) for providers of gambling services,","when carrying out transactions amounting","to EUR 2 000 or more, whether the","transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"301","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Markus Ferber, Manfred Weber, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-302","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d \u2013 indent 1 (new)"]],"meps":[1917,28229,96876],"meta":{"created":"2019-07-03T05:16:17"},"new":["when carrying out occasional","transactions amounting to EUR 2.000 or","more, whether the transaction is carried","out in a single operation or in several","operations which appear to be linked;"],"old":[""],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"302","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber, Manfred Weber, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-303","justification":"The Commission proposal makes no distinction between gambling services with a high risk of\nmoney laundering and those with a low risk. This runs counter to the risk-based approach\nwhich lies at the core of the proposal. The emphasis should be on those gambling activities\nwhich are attractive to money launderers because of high payout ratios and other features set\nout in the amendment. This shall not apply to state-owned enterprises with low payout ratios.","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d \u2013 indent 2 (new)"]],"meps":[1917,28229,96876],"meta":{"created":"2019-07-03T05:16:17"},"new":["- except in the case of lotteries organised","by State-owned enterprises with low","average payout ratios (in any event under","55 %); in this case, customer due","diligence applies to payouts of EUR 2 000","or more."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"303","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-304","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point f a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:17"},"new":["(fa) whenever a company is established."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"304","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-305","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point f a (new)"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:17"},"new":["(fa) whenever a company is formed."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"305","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-306","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point f a (new)"]],"meps":[96824],"meta":{"created":"2019-07-03T05:16:17"},"new":["(fa) whenever a company is formed."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"306","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-307","location":[[" Proposal for a directive","Article 10 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:17"},"new":["Article 10a","Electronic Money","Member States may, on the basis of","proven low risk, apply exemptions to","obliged entities from customer due","diligence with respect to electronic money","as defined in point 2 of Article 2 of","Directive 2009/110/EC, if the following","conditions are fulfilled :","(i) the payment instrument is not","reloadable and the maximum amount","stored electronically in the device and","emitted to the electronic money holder is","no more than EUR 100 whether the","transaction is executed in a single","operation or in several operations which","appear to be linked; and","(ii) the payment instrument is used","exclusively to purchase goods and","services, and","(iii) the electronic money issued cannot be","funded with electronic money of another","issuer, and","(iv) redemption in cash and cash","withdrawal are forbidden unless","identification and verification of the","identity of the holder, adequate and","appropriate policies and procedures on","redemption in cash and cash withdrawal,","and record keeping obligations are","performed.","In case of point (i) Member States may","increase the threshold of EUR 100 to up","to EUR 250 for national payment","transactions."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"307","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-308","location":[["Proposal for a directive","Article 10 a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:18"},"new":["Article 10a","1 Member States shall not require obliged","entities to apply customer due diligence","measures in respect of electronic money,","as defined in Article 2(2) of Directive","2009/110/EC of the European Parliament","and of the Council if all of the following","conditions are fulfilled:","(a) the payment instrument is not","reloadable;","(b) the maximum amount stored","electronically does not exceed EUR 250,","Member States may increase this limit up","to EUR 500 for payment instruments that","can only be used in that one particular","Member State;","(c) the payment instrument is used","exclusively to purchase goods or services;","(d) the payment instrument cannot be","funded with electronic money.","2. Member States shall ensure that","customer due diligence measures are","always applied before redemption of the","monetary value of the electronic money","exceeding EUR 250."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"308","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-309","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point a"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:18"},"new":["(a) identifying the customer and verifying","the customer's identity on the basis of","documents, data or information obtained","from a reliable and independent source; it","shall however be strictly forbidden to","require the customer to reside or to have","proven links in the country where the","business relationship is to be established","or the transaction carried-out;"],"old":["(a) identifying the customer and verifying","the customer's identity on the basis of","documents, data or information obtained","from a reliable and independent source;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"309","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-310","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point a a (new)"]],"meps":[96815],"meta":{"created":"2019-07-03T05:16:18"},"new":["(aa) It be forbidden to require the","customer to reside or to have proven links","in the country where the business","relationship is to be established or the","transaction carried-out."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"310","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-311","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point b"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:18"},"new":["(b) Further to the identification of the","beneficial owners as listed in the public","registry pursuant to article 29, taking","reasonable measures to verify his or her","identity so that the institution or person","covered by this Directive is fully satisfied","that it knows who the beneficial owner is,","including, as regards legal persons, trusts,","foundations, holdings and all other","similar existing or future legal","arrangements, taking all necessary","measures to understand the ownership and","control structure of the customer;"],"old":["(b) identifying the beneficial owner and","taking reasonable measures to verify his","identity so that the institution or person","covered by this Directive is satisfied that it","knows who the beneficial owner is,","including, as regards legal persons, trusts","and similar legal arrangements, taking","reasonable measures to understand the","ownership and control structure of the","customer;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"311","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-312","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point b"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:18"},"new":["(b) identifying the beneficial owner and","taking the necessary measures to verify his","identity so that the institution or person","covered by this Directive is satisfied that it","knows who the beneficial owner is,","including, as regards legal persons, trusts","and similar legal arrangements, taking","reasonable measures to understand the","ownership and control structure of the","customer;"],"old":["(b) identifying the beneficial owner and","taking reasonable measures to verify his","identity so that the institution or person","covered by this Directive is satisfied that it","knows who the beneficial owner is,","including, as regards legal persons, trusts","and similar legal arrangements, taking","reasonable measures to understand the","ownership and control structure of the","customer;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"312","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-313","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point d"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:18"},"new":["(d) conducting monitoring of the business","relationship including scrutiny of","transactions undertaken throughout the","course of that relationship to ensure that","the transactions being conducted are","consistent with the institution's or person's","knowledge of the customer, the business","and risk profile, including, where","necessary, the source of funds and ensuring","that the documents, data or information","held are kept up-to-date."],"old":["(d) conducting ongoing monitoring of the","business relationship including scrutiny of","transactions undertaken throughout the","course of that relationship to ensure that","the transactions being conducted are","consistent with the institution's or person's","knowledge of the customer, the business","and risk profile, including, where","necessary, the source of funds and ensuring","that the documents, data or information","held are kept up-to-date."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"313","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-314","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 a"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:18"},"new":["1a. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities","referred to in Article 2(1)(1) and (2) on","the types of documents, data and","information that could be asked to the","customer and the beneficial owner and","which are strictly necessary to comply","with this article. These guidelines shall be","issued within 2 years of the date of entry","into force of this Directive;"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"314","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-315","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 a (new)"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:18"},"new":["1a. Obliged entities shall also be required","when performing the measures in points","(a) and (b) above, to verify that any","person purporting to act on behalf of the","customer is so authorised and shall be","required to identify and verify the identity","of that person."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"315","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Hubert Pirker","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-316","location":[["Proposal for a directive","Article 11 \u2013 paragraph 3"]],"meps":[2307],"meta":{"created":"2019-07-03T05:16:18"},"new":["3. When assessing money laundering and","terrorist financing risks, Member States","shall require obliged entities to take into","account at least the variables set out in","Annex I.","SMEs may be exempted from this","obligation if, as obliged entities, the extent","of the business relationship means that","they cannot be expected, for reasons of","proportionality, to carry out continuous","assessment of the risks."],"old":["3. When assessing money laundering and","terrorist financing risks, Member States","shall require obliged entities to take into","account at least the variables set out in","Annex I."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"316","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-317","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 5 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:18"},"new":["5a. The personal data collected shall be","limited to what is strictly necessary for the","purpose of complying with the","requirements of this Directive. In","particular, collecting personal data for","commercial purposes shall be strictly","prohibited."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"317","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-318","location":[[" Proposal for a directive","Article 12 \u2013 paragraph 2"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:18"},"new":["2. By way of derogation from paragraph 1,","Member States shall allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","or during the execution of the transaction","for entities subject to the obligations","referred to in Article 2 and, at all events,","at the time when any winnings are paid","out, if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"old":["2. By way of derogation from paragraph 1,","","Member States may allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"318","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-319","location":[["Proposal for a directive","Article 12 \u2013 paragraph 2"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:18"},"new":["2. By way of derogation from paragraph 1,","Member States may, after informing the","Commission, allow the verification of the","identity of the customer and the beneficial","owner to be completed during the","establishment of a business relationship if","this is necessary not to interrupt the normal","conduct of business and where there is","little risk of money laundering or terrorist","financing occurring. In such situations","these procedures shall be completed as","soon as practicable after the initial contact"],"old":["2. By way of derogation from paragraph 1,","Member States may allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"319","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-320","location":[[" Proposal for a directive","Article 12 \u2013 paragraph 5"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:18"},"new":["5. Member States shall require that obliged","entities apply the customer due diligence","procedures not only to all new customers","but also to existing customers on a risk-","sensitive basis, including when the relevant","circumstances of a customer change."],"old":["5. Member States shall require that obliged","entities apply the customer due diligence","procedures not only to all new customers","but also at appropriate times to existing","customers on a risk-sensitive basis,","including at times when the relevant","circumstances of a customer change."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"320","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-321","justification":" In areas where, as a result of national measures and provisions, for example, the money\n laundering and terrorist financing risk is non-existent or negligible, it should also be possible\n to exempt obliged entities from customer due diligence as part of a risk-based approach.","location":[[" Proposal for a directive","Article 12 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:18"},"new":["Article 12a","1. Where a Member State or an obliged","entity identifies areas of no or negligible","risk, that Member State may absolve","obliged entities from customer due","diligence measures. The exemption shall","be justified and limited to certain business","activities and/or certain obliged entities.","2. The Member State shall inform the","Commission accordingly."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"321","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber, Manfred Weber, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-322","justification":"The Commission proposal makes no distinction between gambling services with a high risk of\nmoney laundering and those with a low risk. This runs counter to the risk-based approach\nwhich lies at the core of the proposal. The emphasis should be on those gambling activities\nwhich are attractive to money launderers because of high payout ratios and other features set\nout in the amendment. This shall not apply to state-owned enterprises with low payout ratios.","location":[["Proposal for a directive","Article 13 \u2013 paragraph 1"]],"meps":[1917,28229,96876],"meta":{"created":"2019-07-03T05:16:18"},"new":["1. Where a Member State or an obliged","entity identifies areas of lower risk, that","Member State may allow obliged entities","to apply simplified customer due diligence","measures. Providers of gambling services","whose average payout ratio exceeds 90 %","shall not be permitted simplified customer","due diligence."],"old":["1. Where a Member State or an obliged","entity identifies areas of lower risk, that","Member State may allow obliged entities","to apply simplified customer due diligence","measures."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"322","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Graham Watson, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-323","location":[["Proposal for a directive","Article 13 \u2013 paragraph 1 a (new)"]],"meps":[114268,2155,1394,4274],"meta":{"created":"2019-07-03T05:16:18"},"new":["1a. By way of derogation from Articles","10(a), (b) and (f), 11(2) and 12(1),","Member States may allow the institutions","and persons covered by this Directive not","to apply customer due diligence in respect","of:"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"323","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Graham Watson, Bill Newton Dunn, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-324","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 1 a \u2013 point 1 (new)"]],"meps":[114268,2155,1394,4274],"meta":{"created":"2019-07-03T05:16:19"},"new":["(1) electronic money, as defined in Article","1(3)(b) of Directive 2000/46/EC of the","European Parliament and of the Council","of 18 September 2000 on the taking up,","pursuit of and prudential supervision of","the business of electronic money","institutions, where, if the device cannot be","recharged, the maximum amount stored","in the device is no more than EUR 150, or","where, if the device can be recharged, a","limit of EUR 2 500 is imposed on the total","amount transacted in a calendar year,","except when an amount of EUR 1 000 or","more is redeemed in that same calendar","year by the bearer as referred to in Article","3 of Directive 2000/46/EC,"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"324","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-325","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 1 a \u2013 point 2 (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:19"},"new":["(2) beneficial owners of pooled accounts","held by notaries and other independent","legal professionals from the Member","States, or from third countries provided","that they are subject to requirements to","combat money laundering or terrorist","financing consistent with international","standards and are supervised for","compliance with those requirements and","provided that the information on the","identity of the beneficial owner is","available, on request, to the institutions","that act as depository institutions for the","pooled accounts;"],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"325","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-326","location":[["Proposal for a directive","Article 13 \u2013 paragraph 2"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:19"},"new":["deleted"],"old":["2. Before applying simplified customer","due diligence measures obliged entities","shall ascertain that the customer","relationship or transaction presents a","lower degree of risk."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"326","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson, Nils Torvalds","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-327","justification":"The application of simplified due diligence should be determined on the basis of a country-\nassessment, and not on a case by case basis, where each customer relationship or transaction\nis to be checked, as is the case in normal due diligence procedures. The inclusion of this\n\n reference under 13 (2) would in effect not allow for the use of the simplified due diligence\n procedure.","location":[["Proposal for a directive","Article 13 \u2013 paragraph 2"]],"meps":[2155,114268],"meta":{"created":"2019-07-03T05:16:19"},"new":["deleted"],"old":["2. Before applying simplified customer","due diligence measures obliged entities","shall ascertain that the customer","relationship or transaction presents a","lower degree of risk."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"327","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-328","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:19"},"new":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transactions or business relationships","to enable the detection of unusual or","suspicious transactions."],"old":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transaction or business relationship to","enable the detection of unusual or","suspicious transactions."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"328","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-329","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:19"},"new":["3a. The Member States shall draw up","guidelines on the minimum action to be","taken by obliged entities, with the","exception of the entities referred to in","Article 2(1)(1) and (2), in cases in which","simplified customer due diligence is","appropriate."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"329","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-330","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:19"},"new":["3a. Obliged entities must identify their","customers and the beneficial owner(s) of","their customers in accordance with Article","11(a) and (b) before identifying a business","relationship as lower risk."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"330","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy, Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-331","location":[["Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[2173,96703],"meta":{"created":"2019-07-03T05:16:19"},"new":["3a. Obliged entities must identify the","customer and the beneficial owner(s) of","their customers in accordance with Article","11(a) and (b) before identifying a business","relationship as lower risk."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"331","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-332","location":[["Proposal for a directive","Article 15 \u2013 paragraph 1"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:19"},"new":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. These","guidelines shall be issued within 1 year of","the date of entry into force of this","Directive."],"old":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. These","guidelines shall be issued within 2 years of","the date of entry into force of this","Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"332","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-333","location":[[" Proposal for a directive","Article 15 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:19"},"new":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. Those","guidelines shall be issued within 18","months of the date of entry into force of","this Directive."],"old":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. Those","guidelines shall be issued within 2 years of","the date of entry into force of this","Directive."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"333","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-334","location":[["Proposal for a directive","Article 16 \u2013 paragraph 2"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:19"},"new":["2. Member States shall require obliged","entities to examine the background and","purpose of all complex, unusual large","transactions, and all unusual patterns of","transactions, which have no apparent","economic or lawful purpose, or which","constitute tax crimes amounting to","criminal activity within the meaning of","Article 3(4)(f), or which are constitutive of","aggressive tax planning as defined by","Commission recommendation C(2012)","8806. In particular, they shall increase the","degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious. In case an","obliged entity determines such unusual or","suspicious transaction or activity, it shall","without delay inform the FIUs of all","Member States that might be concerned."],"old":["2. Member States shall require obliged","entities to examine, as far as reasonably","possible, the background and purpose of all","complex, unusual large transactions, and","all unusual patterns of transactions, which","have no apparent economic or lawful","purpose. In particular, they shall increase","the degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"334","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-335","location":[["Proposal for a directive","Article 16 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:19"},"new":["2. Member States shall require obliged","entities to examine the background and","purpose of all complex, unusual large","transactions, and all unusual patterns of","transactions, which have no apparent","economic or lawful purpose. In particular,","they shall increase the degree and nature of","monitoring of the business relationship, in","order to determine whether those","transactions or activities appear unusual or","suspicious."],"old":["2. Member States shall require obliged","entities to examine, as far as reasonably","possible, the background and purpose of all","complex, unusual large transactions, and","all unusual patterns of transactions, which","have no apparent economic or lawful","purpose. In particular, they shall increase","the degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","","appear unusual or suspicious."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"335","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt, Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-336","location":[[" Proposal for a directive","Article 16 \u2013 paragraph 4"]],"meps":[114268,4274,2155],"meta":{"created":"2019-07-03T05:16:19"},"new":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 1","year of the date of entry into force of this","Directive."],"old":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 2","years of the date of entry into force of this","Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"336","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-337","location":[[" Proposal for a directive","Article 16 \u2013 paragraph 4"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:19"},"new":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 18","months of the date of entry into force of","this Directive."],"old":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 2","years of the date of entry into force of this","Directive."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"337","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Timothy Kirkhope on behalf of the ECR Group","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-338","justification":"Guidance to obliged entities should be provided within at least 18 months of the entry into\nforce of this Directive.","location":[["Proposal for a directive","Article 16 \u2013 paragraph 4"]],"meps":[4542],"meta":{"created":"2019-07-03T05:16:19"},"new":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 18","months of the date of entry into force of","this Directive."],"old":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 2","years of the date of entry into force of this","Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"338","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-339","justification":" Il doit \u00eatre obligatoire pour tous les Etats membres d\u2019appliquer des mesures de vigilances\n renforc\u00e9es \u00e0 toutes les transactions qui impliquent des juridictions non coop\u00e9ratives. Par\n ailleurs, les recommandations 10 et 19 du GAFI (et leurs notes interpr\u00e9tatives) doivent \u00eatre\n transpos\u00e9es au niveau communautaire : la Directive doit pr\u00e9voir que les vigilances\n renforc\u00e9es pr\u00e9vues \u00e0 la note interpr\u00e9tative de la recommandation 10 (\u00a720) sont une boite \u00e0\n outils fournissant les mesures que les Etats membres doivent appliquer aux pays \u00ab list\u00e9s \u00bb. La\n Directive doit, au moins pr\u00e9voir que les contre-mesures que les Etats membres doivent\n appliquer en cas d\u2019appel du GAFI \u00e0 le faire sont incluses dans l\u2019une des mesures list\u00e9es au \u00a7\n 2 de la note interpr\u00e9tative de la recommandation 19.L\u2019Union europ\u00e9enne doit endoss\u00e9es les\n vigilances renforc\u00e9es du GAFI mais doit aussi \u00eatre libre de compl\u00e9ter ces vigilances\n renforc\u00e9es par d\u2019autres mesures. Enfin, il est propos\u00e9 d\u2019introduire une obligation pour\n chaque Etat membre de notifier \u00e0 la Commission les mesures prises contre les juridictions\n non coop\u00e9ratives et, le cas \u00e9ch\u00e9ant, contre un Etat tiers non list\u00e9.","location":[[" Proposal for a directive","Article 16 a (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:20"},"new":["Article 16a","1. The European Union shall adopt the","counter-measures or enhanced due","diligence measures when the FATF calls","upon States to do so.","2. Member States must adopt counter-","measures or require their credit","institutions and financial institutions to","apply enhanced due diligence when the","FATF calls upon them to do so.","3. The countermeasures must be effective","and proportionate to the risks and include","at least one of the measures set out in","Annex [IV].","4. The enhanced due diligence measures","applied must be effective and","proportionate to the risks and include at","least one of the measures set out in Annex","[V].","5. The Committee must coordinate the","actions taken by Member States pursuant","to paragraphs 1, 2 and 3."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"339","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-340","justification":"The directive must unambiguously give EU Member States the option of taking measures\ntowards countries which are not on the FATF public statement list but which have been\nidentified as presenting risks with regard to money laundering and terrorist financing.","location":[["Proposal for a directive","Article 16 b (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:20"},"new":["Article 16b","1. The European Union may decide to","adopt counter-measures or enhanced due","diligence measures in relation to","countries which are not published by the","FATF.","2. In accordance with the relevant","provisions of the Treaty on European","Union, Member States may adopt","counter-measures or require their credit","institutions or financial institutions to","apply enhanced due diligence measures in","relation to countries not identified by the","FATF as deficient."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"340","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-341","location":[["Proposal for a directive","Article 17 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:20"},"new":["In respect of cross-frontier correspondent","banking relationships with respondent","institutions from third countries not subject","to equivalent international standards,","Member States shall, in addition to the","customer due diligence measures as set out","in Article 11, require their credit","institutions to:"],"old":["In respect of cross-frontier correspondent","banking relationships with respondent","institutions from third countries, Member","States shall, in addition to the customer due","diligence measures as set out in Article 11,","require their credit institutions to:","",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"341","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-342","location":[[" Proposal for a directive","Article 18 \u2013 paragraph 1 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:20"},"new":["In order to facilitate this, Member States","shall set up national registers of","politically exposed persons."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"342","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-343","location":[[" Proposal for a directive","Article 19 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:20"},"new":["In respect of transactions or business","relationships with domestic exposed","persons or a person who is or has been","entrusted with a prominent function by an","international organisation, Member States","shall, in addition to the customer due","diligence measures set out in Article 11,","require obliged entities:"],"old":["In respect of transactions or business","relationships with domestic politically","exposed persons or a person who is or has","been entrusted with a prominent function","by an international organisation, Member","States shall, in addition to the customer due","diligence measures set out in Article 11,","require obliged entities:"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"343","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-344","location":[[" Proposal for a directive","Article 19 a (new)"]],"meta":{"created":"2019-07-03T05:16:20"},"new":["Article 19a","Member States, in cooperation with","international organisations, shall draw up","a list of domestic politically exposed","persons, including persons who are","legally resident in their territories and are","or have been entrusted with a prominent","function by an international organisation.","The list shall be accessible by competent","authorities and by obliged entities.","Member States shall notify the persons","concerned, when placing them on the list,","or when removing them from the list.","The requirements stipulated in this Article","shall not exempt obliged entities from","their customer due diligence obligations,","and obliged entities shall not rely","exclusively on that information as","sufficient to fulfil those obligations."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"344","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-345","location":[["Proposal for a directive","Article 19 a (new)"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:20"},"new":["Article 19a","Member State shall take all appropriate","measures to prevent the trade of","information on publicly exposed persons","for commercial purposes."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"345","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-346","location":[[" Proposal for a directive","Article 20 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:20"},"new":["Obliged entities shall take reasonable","measures to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are exposed persons. Those","measures shall be taken at the latest at the","time of the payout or at the time of the","assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"old":["Obliged entities shall take reasonable","measures to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are politically exposed persons.","Those measures shall be taken at the latest","at the time of the payout or at the time of","the assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"346","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-347","justification":"Reasonable measures should refer to the application of the risk-based approach, as\nrecommended by the FATF.","location":[[" Proposal for a directive","Article 20 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:20"},"new":["Obliged entities shall take reasonable","measures, in line with the risk-based","approach, to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are politically exposed persons.","Those measures shall be taken at the latest","at the time of the payout or at the time of","the assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"old":["Obliged entities shall take reasonable","measures to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are politically exposed persons.","Those measures shall be taken at the latest","at the time of the payout or at the time of","the assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"347","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-348","location":[["Proposal for a directive","Article 21 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:20"},"new":["The measures referred to in Articles 18, 19","and 20 shall also apply to family members","or persons known to be close associates of","such exposed persons."],"old":["The measures referred to in Articles 18, 19","and 20 shall also apply to family members","or persons known to be close associates of","such politically exposed persons."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"348","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-349","justification":" Obliged entities should receive assistance in identifying politically exposed persons by those\n authorities possessing the necessary information. This information should be made available\n to obliged entities.","location":[["Proposal for a directive","Article 21 \u2013 paragraph 1 a (new)"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:20"},"new":["Member States, in cooperation with","national supervisory authorities and FIUs","shall provide obliged entities with the","necessary information or tools to identify","and verify politically exposed persons","referred to in article 3 (7) a-f.","The list shall be accessible to competent","authorities and obliged entities.","The requirements stipulated in this Article","shall not exempt obliged entities from","their customer due diligence obligations,","and obliged entities shall not rely","exclusively on that information as","sufficient to fulfil those obligations."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"349","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-350","location":[[" Proposal for a directive","Article 21 a (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:20"},"new":["Article 21a","Member States, in cooperation with","national supervisory authorities and FIUs","shall provide obliged entities with the","necessary information or tools to identify","and verify politically exposed persons","referred to in article 3 (7) a-f.","The list shall be accessible to competent","authorities and obliged entities but shall","not exempt obliged entities from their","customer due diligence obligations, and","obliged entities shall not rely exclusively","on that information as sufficient to fulfil","those obligations."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"350","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-351","location":[[" Proposal for a directive","Article 22 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:20"},"new":["Where a person referred to in Articles 18,","19 and 20 has ceased to be entrusted with a","prominent function by a Member State or a","third country or with a prominent function","by an international organisation, obliged","entities shall be required to consider the","continuing risk posed by that person and to","apply such appropriate and risk-sensitive","measures until such time as that person is","deemed to pose no further risk. This period","of time shall not be less than 18 months."],"old":["Where a person referred to in Articles 18,","19 and 20 has ceased to be entrusted with a","prominent public function by a Member","State or a third country or with a prominent","function by an international organisation,","obliged entities shall be required to","consider the continuing risk posed by that","person and to apply such appropriate and","risk-sensitive measures until such time as","that person is deemed to pose no further","risk. This period of time shall not be less","than 18 months."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"351","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-352","location":[["Proposal for a directive","Article 24 \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:20"},"new":["Member States may permit the obliged","entities to rely on third parties to meet the","requirements laid down in Article 11(1)(a),","(b) and (c). However, the ultimate","responsibility for meeting those","requirements shall remain with the obliged","entity which relies on the third party. In","addition, Member States shall ensure that","any such third parties may also be held","liable for breaches of national provisions","adopted pursuant to this Directive."],"old":["Member States may permit the obliged","entities to rely on third parties to meet the","requirements laid down in Article 11(1)(a),","(b) and (c). However, the ultimate","responsibility for meeting those","requirements shall remain with the obliged","entity which relies on the third party."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"352","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-353","location":[[" Proposal for a directive","Article 25 \u2013 paragraph 1"]],"meps":[109337],"meta":{"created":"2019-07-03T05:16:20"},"new":["1. For the purposes of this Section, \u2018third","parties\u2019 shall mean","(a) obliged entities who are listed in Article","2; and","(b)other institutions and persons situated in","Member States or a third country, who","apply customer due diligence requirements","and record keeping requirements","equivalent to those laid down in this","Directive and their compliance with the","requirements of this Directive is supervised","in accordance with Section 2 of Chapter","VI; and","(c) self-regulatory bodies as defined in","article 33; and","(d) member organisations and or","federations performing due diligence on","their members;"],"old":["1. For the purposes of this Section, \u2018third","parties\u2019 shall mean obliged entities who are","listed in Article 2, or other institutions and","persons situated in Member States or a","third country, who apply customer due","diligence requirements and record keeping","requirements equivalent to those laid down","in this Directive and their compliance with","the requirements of this Directive is","supervised in accordance with Section 2 of","Chapter VI."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"353","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-354","location":[[" Proposal for a directive","Article 25 \u2013 paragraph 1"]],"meps":[2155],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. For the purposes of this Section, \u2018third","parties\u2019 shall mean obliged entities who are","listed in Article 2, or other institutions and","persons situated in Member States or a","third country, who apply customer due","diligence requirements and record keeping","requirements consistent with those laid","down in this Directive and their","compliance with the requirements of this","Directive is supervised in accordance with","Section 2 of Chapter VI."],"old":["1. For the purposes of this Section, \u2018third","","parties\u2019 shall mean obliged entities who are","listed in Article 2, or other institutions and","persons situated in Member States or a","third country, who apply customer due","diligence requirements and record keeping","requirements equivalent to those laid down","in this Directive and their compliance with","the requirements of this Directive is","supervised in accordance with Section 2 of","Chapter VI."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"354","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-355","location":[["Proposal for a directive","Article 25 \u2013 paragraph 2"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:21"},"new":["2. The Commission shall consider","information available on the level of","geographical risk when deciding if a third","country meets the conditions laid down in","paragraph 1 and shall inform the Member","States, the obliged entities and EBA,","EIOPA and ESMA to the extent relevant","for the purposes of this Directive and in","accordance with the relevant provisions of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010, and of","Regulation (EU) No 1095/2010, of cases","where they consider that a third country","meets such conditions."],"old":["2. The Member States shall consider","information available on the level of","geographical risk when deciding if a third","country meets the conditions laid down in","paragraph 1 and shall inform each other,","the Commission and EBA, EIOPA and","ESMA to the extent relevant for the","purposes of this Directive and in","accordance with the relevant provisions of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010, and of","Regulation (EU) No 1095/2010, of cases","where they consider that a third country","meets such conditions."],"orig_lang":"de","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"355","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-356","location":[["Proposal for a directive","Article 25 \u2013 paragraph 2 a (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:21"},"new":["2a. The Commission shall provide a list of","jurisdictions having anti-money","laundering measures equivalent to","provisions of this Directive and other","related rules and regulations of the","Union."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"356","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Kri\u0161j\u0101nis Kari\u0126\u0161, Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-357","location":[[" Proposal for a directive","Article 25 \u2013 paragraph 2 b (new)"]],"meps":[96901,96876],"meta":{"created":"2019-07-03T05:16:21"},"new":["2b. The list mentioned under paragraph 2","a shall be regularly assessed and updated","according to the information received","from Member States as mentioned under","paragraph 2."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"357","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-358","justification":"Public registry in line with EP position expressed in several resolutions (for example Kleva\nreport). And to counter one argument brought forward frequently, as the requirements\nstipulated in this paragraph are without prejudice to the customer due diligence provisions of\nthis directive, there is no risk to let the banks off the hook","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that","corporate or legal entities, including trusts,","foundations, holdings and all other","similar, in terms of structure or function,","existing or future legal arrangements","established within their territory, or","governed under their law obtain, hold and","transmit to a public registry pursuant to","paragraph 4 of this article, adequate,","accurate and current information on their","beneficial ownership, at the moment of","establishment or any changes thereof.","The public registry shall contain but not","be limited to the following information:","a) name, legal form and status of the","corporate or legal entity;","b) proof of incorporation;","c) address of the registered office;","d) basic regulatory powers;","e) list of directors;","f) shareholder information including","names, dates of birth, the number of","shares per shareholder, and categories of","shares.","The requirements stipulated in this","paragraph shall not exempt obliged","entities from their customer due diligence","obligations, and obliged entities shall not","rely exclusively on this information as","sufficient to fulfil these obligations."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"358","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ana Gomes, Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-359","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[28306,96824],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that entities,","including trusts, foundations, holdings","and all other similar, in terms of structure","and function, existing or future legal","arrangements established within their","territory or governed under their law,","obtain, hold and transmit to a public","register, adequate, accurate and current","information on their beneficial ownership,","at the moment of establishment or any","changes thereof.","The public register shall contain but not","be limited to the following information:","a) name, legal form and status of the","corporate or legal entity;","b) proof of incorporation;","c) address of the registered office;","d) basic regulatory powers;","e) list of directors;","f) shareholder information including","names, dates of birth, the number of","shares per shareholder, and categories of","shares.","The requirements stipulated in this","paragraph shall not exempt obliged","entities from their customer due diligence","obligations, and obliged entities shall not","rely exclusively on this information as","sufficient to fulfil these obligations."],"old":["1. Member States shall ensure that","corporate or legal entities established","","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"359","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-360","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:21"},"new":["1a. Member States shall ensure that","central registers, commercial registers or","company registers within their territory","contain information about the beneficial","owners of","(a) companies of all legal forms,","(b) other legal persons, such as","foundations,","(c) legal arrangements, such as trusts,","through which funds are administered or","distributed, and","(d) express trusts governed by their law","established within their territory, enabling","the beneficial owners to be clearly","identified.","The information referred to in paragraphs","1 and 1a shall be updated continuously","and without delay in the respective","register."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"360","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Bill Newton Dunn, Graham Watson, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-361","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[33570,1394,2155,4274],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership in a central","public register."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"361","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy, Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-362","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[2173,96703],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","information on the following:","(a) basic information: the company name,","company number, proof of incorporation,","legal form and status, the address of the","registered office (and of the principle","place of business if different from the","registered office), the basic regulating","powers (e.g. memorandum & articles of","association), a list of directors (including","their nationality and date of birth).","(b) a list of its shareholders or members,","containing the names of the shareholders","and members, and number of shares held","by each shareholder, and categories of","shares (including the nature of the","associated voting rights). For","shareholders who are natural persons the","list shall include their name, date of birth","and nationality. For shareholders who are","corporate or legal entities, the list shall","include their name, company number and","jurisdiction of incorporation.","(c) if a company's beneficial owner is","different from its shareholders, a list of","the beneficial owner(s), including their","name, date of birth, nationality and","country of residence. If relevant, this list","should include their proportion of","shareholding or control."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current","information on their beneficial ownership."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"362","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-363","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meta":{"created":"2019-07-03T05:16:21"},"new":["2b. The information referred to in","paragraphs 1 and 1a of this Article shall","include but not be limited to information","on the beneficial owner's full name, date","of birth, the means of exercising control","over the company, contact details (for","instance a business/service address) and","information detailing the legal","shareholders."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"363","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-364","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:21"},"new":["2c. The information referred to in","paragraphs 1 and 1a of this Article shall","include but not be limited to information","on the beneficial owner's full name, date","of birth, the means of exercising control","over the company, contact details (for","instance a business/service address) and","information detailing the legal","shareholders."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"364","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cecilia Wikstr\u00f6m","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-365","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[96677],"meta":{"created":"2019-07-03T05:16:21"},"new":["2c. The information referred to in","paragraphs 1 and 1a of this Article shall","include but not be limited to information","on the beneficial owner's full name, date","of birth, the means of exercising control","over the company, contact details and","information detailing the legal","shareholders."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"365","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-366","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that","companies or any other legal person with","a similar structure or function, trusts,","foundations established or incorporated","within their territory, or governed under","their law, hold and transmit to a register","adequate, accurate and current information","on them and on their beneficial ownership,","at the moment of establishment or any","changes thereof;"],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"366","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-367","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:21"},"new":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership. The register","shall contain minimum information to","clearly identify the beneficial owner."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership.",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"367","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ana Gomes, Monica Luisa Macovei","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-368","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1 a (new)"]],"meps":[28306,96824],"meta":{"created":"2019-07-03T05:16:21"},"new":["1a. Regarding trusts or other types of","legal entities and arrangements with a","similar structure and function, the","information shall also include the trust","deed, the letters of wishes, identity of the","settlor, of the trustee(s), of the protector","(if relevant), of the beneficiaries or class","of beneficiaries, and of any other natural","person exercising effective control over","the trust. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in Article 10(b), (c) and","(d). Member States shall ensure that the","trust is registered before the business","relationship is established or the","occasional transaction is performed."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"368","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Frank Engel","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-369","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1 a (new)"]],"meps":[96876],"meta":{"created":"2019-07-03T05:16:22"},"new":["1a. Regarding trusts or other types of","legal arrangements, existing or future,","with a similar structure and function, the","information shall also include the identity","of the settlor, of the trustee(s), of the","protector (if any), of the beneficiaries or","class of beneficiaries, and of any other","natural person exercising ultimate","effective control over the trust. Member","States shall ensure that trustees disclose","their status to obliged entities when, as a","trustee, the trustee forms a business","relationship or carries out an occasional","transaction above the threshold set out in","points (b), (c) and (d) of Article 10."],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"369","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-370","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:22"},"new":["2. Regarding trusts or other types of legal","entity and arrangements with a similar","structure and function of trusts, the","information shall also include the identity","of the settlor, of the trustee(s), of the","protector (if relevant), of the beneficiaries","or class of beneficiaries, and of any other","natural person exercising effective control","over the trust.","Member States shall ensure that trustees","disclose their status to obliged entities","when, as a trustee, the trustee forms a","business relationship or carries out an","occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"370","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-371","location":[["Proposal for a directive","Article 29 \u2013 paragraphs 2 and 3-8 (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:22"},"new":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities, by","Financial Intelligence Units (FIUs) and","by obliged entities.","3. Member States shall ensure that the","essential information [provided for in","Annex VI (new) to the directive]","concerning companies is kept in a central","registry and that the information can be","accessed by the public and is made","publicly accessible. This information must","be appropriate, correct and up to date.","4. Member States must furthermore","ensure that the information about the","beneficial owners of companies","established within their territory is kept in","a central registry. This information must","be appropriate, correct and up to date.","The Commission shall coordinate the","organisation and format of the central","registry among all Member States.","5. Member States shall ensure that the","competent authorities and the FIUs are","able to provide information about","beneficial owners to the competent","authorities and FIUs of other Member","States in a timely manner.","6. Member States shall decide at national","level on the range of penalties applicable","in the event of failure to comply with the","requirements of paragraph 1 and 2.","7. Member States shall take all measures","to prevent abuse of bearer shares and","bearer share warrants.","8. The provisions of paragraphs 1 to 5 of","this article shall not exonerate obliged","entities from their due diligence","obligations. These entities must not","regard this information as sufficient to","comply with their obligations. The scope","of this measure must be determined on the","basis of a risk-based approach in","accordance with Article 11."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities.",""],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"371","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-372","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Member States shall ensure that","access to the information referred to in","paragraphs 1 and 1a is provided by means","of the European platform, the portal and","optional access points established by the","Member States pursuant to Directive","2012/17/EU.","Member States, with the support of the","Commission, shall ensure that their","central, commercial and company","registers are interoperable within the","system of register networking through the","European platform."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"372","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sirpa Pietik\u00e4inen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-373","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[40599],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. The information referred to in","paragraphs 1 and 1a of this Article shall","be freely accessible to the public online","and in open data format."],"old":["",""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"373","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cecilia Wikstr\u00f6m","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-374","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96677],"meta":{"created":"2019-07-03T05:16:22"},"new":["2b. Registers referred to in paragraph 1 of","this Article shall be interconnected and","easily accessible by competent authorities,","obliged entities and publically available."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"374","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-375","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Registers referred to in paragraph 1 of","this Article shall be interconnected."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"375","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-376","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Registers referred to in paragraph 1 of","this Article shall be interconnected and","accessible by competent authorities,","obliged entities and to the public online;"],"old":[""],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"376","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-377","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Member States shall cooperate with","third countries to encourage that","equivalent central registers containing","beneficial ownership information are","established and information referred to in","paragraph 1 of this Article on companies","in their countries is made accessible to","obliged entities within the EU."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"377","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-378","justification":" Prone to abuse, according to Investopedia a bearer share is \"an equity security that is wholly\n\nowned by whoever holds the physical stock certificate. The issuing firm neither registers the\nowner of the stock, nor does it track transfers of ownership. Because the share is not\nregistered to any authority, transferring the ownership of the stock involves only delivering\nthe physical document. Bearer shares lack the regulation and control of common shares\nbecause ownership is never recorded.\"","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:22"},"new":["2b. For the purposes of this article,","Member States shall establish effective","anti-abuse measures with view to","preventing misuse based on bearer shares","and bearer share warrants."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"378","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-379","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:22"},"new":["2b. The Commission shall submit to the","European Parliament and the Council","within three years after the entry into","force of this Directive a report on the","application and mode of functioning of","the requirements pursuant to paragraphs","1, 1a, 2 and 2a, if appropriate","accompanied by a legislative proposal."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"379","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-380","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Member States shall ensure that the","information referred to paragraphs 1 and","2 of this article is displayed in a public","beneficial ownership registry in a timely,","comprehensive and comprehensible","manner. Any changes to the information","required shall be clearly indicated in the","registry without delay and at latest within","30 days"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"380","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy, Emilie Turunen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-381","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[2173,96703],"meta":{"created":"2019-07-03T05:16:22"},"new":["2a. Member states shall ensure that the","information referred to in paragraph 1 is","adequate, accurate and up-to-date. If any","of the information changes, the corporate","or legal entity must update the registry","within 30 days. There should be","appropriate administrative sanctions for","natural and legal persons who provide","fraudulent information in line with","Section 4 of this Directive."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"381","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-382","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:22"},"new":["2b. Registers referred to in paragraph 1 of","this Article shall be interconnected and","accessible by competent authorities,","obliged entities and members of the public","from other Member States."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"382","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ana Gomes","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-383","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[28306],"meta":{"created":"2019-07-03T05:16:22"},"new":["2b. Member States shall determine the","range of sanctions applicable in case of","failure to comply with the requirements","referred to in paragraphs 1 and 1a."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"383","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sirpa Pietik\u00e4inen","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-384","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[40599],"meta":{"created":"2019-07-03T05:16:22"},"new":["2c. Member States shall determine at","national level the range of sanctions that","are applicable in case of failure to comply","with the requirements in paragraphs 1-4"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"384","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-385","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:22"},"new":["2c. Sanctions for non-compliance with","this article shall be applied in accordance","with article 55 of this directive"],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"385","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emine Bozkurt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-386","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[28171],"meta":{"created":"2019-07-03T05:16:22"},"new":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article is contained in a register","which is publicly available and can be","accessed in a timely manner.","Member States shall report access to and","the form of the registers to the European","Commission. The European Commission","can than provide for an EU-wide","overview."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"386","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-387","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:23"},"new":["2. Member States shall ensure that the","information referred to in paragraphs 1","and 1a of this Article can be accessed","without delay by competent authorities and","by obliged entities of all Member States in","the respective register and that they can","verify the correctness of the information.","Member States shall ensure that the","information referred to in paragraphs 1","and 1a of this Article can be accessed by","the public."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"387","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles, Bill Newton Dunn, Graham Watson, Olle Schmidt","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-388","justification":"In light of G8 commitments and recent statements by Member States, information on\ncompany's beneficial ownership should be maintained in a public register accessible by all.","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[33570,1394,2155,4274],"meta":{"created":"2019-07-03T05:16:23"},"new":["2. 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Registers referred to in paragraph 1 of","this Article shall be interconnected and","made freely accessible to the public online","and in open data format."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"391","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Graham Watson, Bill Newton Dunn","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-392","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[2155,1394],"meta":{"created":"2019-07-03T05:16:23"},"new":["2. 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Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"392","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cecilia Wikstr\u00f6m","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-393","justification":"Public registers allow Europeans as well as citizens and authorities elsewhere to search\neasily for information on the owners of EU-registered companies operating in their country,\nenabling accountability, public scrutiny of tax systems and prevention of money laundering.","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96677],"meta":{"created":"2019-07-03T05:16:23"},"new":["2a. The information referred to in","paragraphs 1 and 1a of this Article shall","be easily accessible by competent","authorities, obliged entities and publically","available in a timely manner."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"393","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-394","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:23"},"new":["2a. The information referred to in","paragraphs 1 and 1a of this Article shall","be accessible by competent authorities,","obliged entities and members of the public","in a timely manner. The information","should be available online in an open data","format."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"394","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares, Judith Sargentini","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-395","justification":" Merged with article 29 to create a level playing field characterised by full transparency and\n equal treatment","location":[[" Proposal for a directive","Article 30"]],"meps":[96730,96821,96815],"meta":{"created":"2019-07-03T05:16:24"},"new":["deleted"],"old":["Article 30","1. 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Member States shall ensure that","measures corresponding to those in","paragraphs 1, 2 and 3 apply to other types","of legal entity and arrangement with a","similar structure and function to trusts."],"orig_lang":"en","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"395","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-396","location":[["Proposal for a directive","Article 30 \u2013 paragraph 1"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:24"},"new":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. 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Member States shall ensure that","measures similar to those provided for in","the previous paragraphs apply to other","forms of legal arrangements with","structures and functions similar to trusts."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"411","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Guillaume","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-412","location":[["Proposal for a directive","Article 30 \u2013 paragraph 4 d (new)"]],"meps":[96952],"meta":{"created":"2019-07-03T05:16:25"},"new":["4d. The provisions of paragraphs 1 to 5 of","this article shall not exonerate obliged","entities from their due diligence","obligations. These entities must not","regard this information as sufficient to","comply with their obligations. The scope","of this measure must be determined on the","basis of a risk-based approach in","accordance with Article 11."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"412","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Guillaume, Pervenche Ber\u00e8s, Liem Hoang Ngoc","changes":{},"committee":["ECON","LIBE"],"date":"2013-12-09T00:00:00","id":"PE524.784-413","location":[[" Proposal for a directive","Article 30 \u2013 paragraph 4 e (new)"]],"meps":[96952,1985,96950],"meta":{"created":"2019-07-03T05:16:25"},"new":["4e. Member States shall institute","appropriate and proportionate penalties","applicable when trustees fail, repeatedly","and systematically, to comply with the","obligations laid down in paragraphs 2 and","3."],"orig_lang":"fr","peid":"PE524.784v02-00","reference":"2013/0025(COD)","seq":"413","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.784+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-25","location":[["Proposal for a directive","Recital 1"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:30"},"new":["(1) Massive flows of illicit money damage","the stability and reputation of the financial","sector and threaten the single market as","well as international development, and","terrorism shakes the very foundations of","our society. Crucial facilitators of illicit","money flows are secretive corporate","structures operating in and through","secrecy jurisdiction, often also referred to","as tax havens. In addition to the criminal","law approach, a preventive effort via the","financial system can produce results."],"old":["(1) Massive flows of dirty money can","damage the stability and reputation of the","financial sector and threaten the single","market, and terrorism shakes the very","foundations of our society. In addition to","the criminal law approach, a preventive","effort via the financial system can produce","results."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-26","location":[["Proposal for a directive","Recital 1 a (new)"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:30"},"new":["(1a) Money laundering is the processing","of 'dirty money' or criminal proceeds by","disguising their illegal origin(s), changing","their form(s), or moving the 'legitimized'","funds back to the real economy, and","whereas natural and legal persons and","entire jurisdictions that actively or","passively participate in money laundering","activities enable the development and","profitability of organized crime, which","consequently undermines legal business","activity, threatens the sustainability of the","Union's market economy and social","welfare models."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-27","location":[[" Proposal for a directive","Recital 2 a (new)"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:30"},"new":["(2a) The implementation and enforcement","of this Directive should not result in","unjustified or disproportionate costs for","payment service providers and citizens","who use their services, and the freedom of","legal capital movement is to be fully","guaranteed throughout the EU."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-28","location":[[" Proposal for a directive","Recital 2 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:30"},"new":["(2a) At the same time, the objectives of","protection of society from criminals and","protection of the stability and integrity of","the European financial system shall be","balanced against the need to create a","regulatory environment that allows","companies to grow their businesses","without incurring disproportionate","compliance costs. Any requirement","imposed on obliged entities to fight","against money laundering and terrorist","financing must therefore be justified and","proportionate"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-29","location":[["Proposal for a directive","Recital 4"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:30"},"new":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be compatible","with and at least as stringent as other","action undertaken in the international fora.","It is noted that avoiding tax and","mechanisms of non-disclosure and","concealment are strategies that are","employed in money laundering and","terrorist financing in order to avoid","detection. The European Union action","should continue to take particular account","of the Recommendations of the FATF,","which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"old":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","action should continue to take particular","account of the Recommendations of the","FATF, which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-30","location":[[" Proposal for a directive","Recital 4"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:30"},"new":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","action should continue to take particular","account of the Recommendations of the","FATF, and other international bodies","active in the fight against money","laundering and terrorist financing. With the","view to reinforce the efficacy of the fight","against money laundering and terrorist","financing, Directives 2005/60/EC and","2006/70/EC should, where appropriate, be","aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"old":["(4) Money laundering and terrorist","financing are frequently carried out in an","international context. Measures adopted","solely at national or even European Union","level, without taking account of","international coordination and cooperation,","would have very limited effects. The","measures adopted by the European Union","in this field should therefore be consistent","with other action undertaken in other","international fora. The European Union","action should continue to take particular","account of the Recommendations of the","FATF, which constitutes the foremost","international body active in the fight","against money laundering and terrorist","financing. With the view to reinforce the","efficacy of the fight against money","laundering and terrorist financing,","Directives 2005/60/EC and 2006/70/EC","should be aligned with the new FATF","Recommendations adopted and expanded","in February 2012."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-31","location":[[" Proposal for a directive","Recital 4 a (new)"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:30"},"new":["(4a) Whereas the Commission should","actively engage with the other FATF","members and FATF-Style Regional","Bodies (FSRBs), with a view to carefully","monitoring the impact of this Directive on","payment service providers outside the","Union and shall strengthen cooperation,","where appropriate, with third-country","competent authorities responsible for","investigating and penalising money","laundering and terrorist activities."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"S\u0142awomir Nitras","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-32","justification":"Lowering the threshold on cash transactions to EUR 7 500 made or received by natural and\nlegal persons trading in goods will result in including in scope of the Directive a significant\nnumber of entities, including SMEs. The introduction of such a provision could be\ndisproportionately burdensome on legitimate businesses and FIUs in relation to the results\nwhich can be achieved.","location":[["Proposal for a directive","Recital 6"]],"meps":[96794],"meta":{"created":"2019-07-03T05:16:30"},"new":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 15 000 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"old":["(6) The use of large cash payments is","vulnerable to money laundering and","terrorist financing. In order to increase","vigilance and mitigate the risks posed by","cash payments natural or legal persons","trading in goods should be covered by this","Directive to the extent that they make or","receive cash payments of EUR 7 500 or","more. Member States may decide to adopt","stricter provisions including a lower","threshold."],"orig_lang":"pl","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Olle Schmidt, Nils Torvalds","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-33","justification":" Legal professionals have a duty of care to ensure that the services they provide are not used\n for the purpose of tax evasion and aggressive tax avoidance - which can be part of an \u2018under\n the radar\u2019 strategy for money laundering and terrorist financing.","location":[["Proposal for a directive","Recital 7"]],"meps":[33570,4274,114268],"meta":{"created":"2019-07-03T05:16:30"},"new":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal","activity, terrorist financing, criminal","activity as defined in Article 3 (4) or","aggressive tax avoidance. There should,","however, be exemptions from any","obligation to report information obtained","either before, during or after judicial","proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering, terrorist financing,","criminal activity as defined in Article 3 (4)","or aggressive tax avoidance, the legal","advice is provided for money laundering,","terrorist financing purposes, criminal","activity as defined in Article 3 (4) or","aggressive tax avoidance, or the lawyer","knows that the client is seeking legal","advice for money laundering, terrorist","financing purposes or criminal activity as","defined in Article 3 (4) or aggressive tax","avoidance."],"old":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal activity","or for the purpose of terrorist financing.","There should, however, be exemptions","from any obligation to report information","obtained either before, during or after","judicial proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering or terrorist financing,","the legal advice is provided for money","laundering or terrorist financing purposes","or the lawyer knows that the client is","seeking legal advice for money laundering","or terrorist financing purposes."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-34","justification":"Obliged entities and legal professionals have a duty of care to ensure that the services they\nprovide are not used for the purpose of aggressive tax avoidance and planning - which can\nassist or lead to money laundering and terrorist financing.","location":[["Proposal for a directive","Recital 9"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:30"},"new":["(9) It is important to expressly highlight","that \"tax crimes\" related to direct and","indirect taxes are included in the broad","definition of \"criminal activity\" under this","Directive in line with the revised FATF","Recommendations. The European Council","of 23 May 2013 called for the need to deal","with tax evasion and fraud and to fight","money laundering, within the internal","market and vis-\u00e0-vis non-cooperative","third countries and jurisdictions, in a","comprehensive manner. The definition of","tax crimes is an important step in this","regard, as too is public disclosure of","certain financial information by large","Companies operating in the Union on a","country-by-country basis which assists","with detection of tax crimes. Furthermore,","it is also important to ensure that obliged","entities and Legal professionals, as","defined by Member States, do not seek to","frustrate the intent of this Directive nor","facilitate or engage in, aggressive tax","planning."],"old":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-35","location":[[" Proposal for a directive","Recital 9"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:31"},"new":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive."],"old":["(9) It is important to expressly highlight","that \u2018tax crimes\u2019 related to direct and","indirect taxes are included in the broad","definition of \u2018criminal activity\u2019 under this","Directive in line with the revised FATF","Recommendations."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-36","justification":" Aggressive tax avoidance, although technically legal can bring the morality of tax law into\n disrepute. GAAR's are a useful tool in discouraging aggressive tax avoidance and improving\n transparency in corporate behaviour.","location":[[" Proposal for a directive","Recital 9 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:31"},"new":["(9a) Member States should also consider","the application of General Anti-","Avoidance Rules (GAAR) on tax matters","with a view to curbing aggressive tax","planning and avoidance."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-37","location":[[" Proposal for a directive","Recital 10"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:31"},"new":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","percentage shareholding will not","automatically result in finding the","beneficial owner, it can be an aide to the","identification of the beneficial owner.","Identification and verification of beneficial","owners should, where relevant, extend to","legal entities that own other legal entities,","and should follow the chain of ownership","until the natural person who exercises","ownership or control of the legal person","that is the customer is found."],"old":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","percentage shareholding will not","automatically result in finding the","beneficial owner, it is an evidential factor","to be taken into account. Identification and","verification of beneficial owners should,","where relevant, extend to legal entities that","own other legal entities, and should follow","the chain of ownership until the natural","person who exercises ownership or control","of the legal person that is the customer is","found."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-38","location":[["Proposal for a directive","Recital 11"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:31"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that beneficial ownership","information on companies and trusts is","available through public registries."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles, Olle Schmidt, Nils Torvalds","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-39","justification":" Wording should be strengthened to improve international and European cooperation for\n information of company's beneficial ownership - particularly in light of recent European\n Council and G8 commitments. Investors have the right to know who the beneficial owner of\n listed companies are as well.","location":[[" Proposal for a directive","Recital 11"]],"meps":[33570,4274,114268],"meta":{"created":"2019-07-03T05:16:31"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership,","maintain central registers, and make this","information available to competent","authorities, obliged entities, and, in the","case of listed obliged entities, to the","public. In addition, trustees should declare","their status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-40","justification":"Public registry as repeatedly called for by the EP (for example Kleva Report)","location":[[" Proposal for a directive","Recital 11"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:31"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner of","legal persons, trusts, foundations,","holdings and all other similar existing or","future legal arrangements is a key factor","in tracing criminals who might otherwise","hide their identity behind a corporate","structure. Member States should therefore","ensure that companies retain information","on their beneficial ownership and ensure","that this information is made publically","available in form of a public registry. In","addition, trustees should declare their","status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","","","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-41","location":[["Proposal for a directive","Recital 11"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:31"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies disclose","information on their beneficial ownership","and make them available to EU and third","country authorities, international","organizations, business partners and","consumers via public centralized registers.","In addition, trustees should declare their","status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-42","location":[["Proposal for a directive","Recital 13"]],"meps":[1917],"meta":{"created":"2019-07-03T05:16:31"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. Gambling services with high","payout ratios are at particular risk of","being used for money laundering","purposes; the risk is even greater where","these gambling services also have a high","event frequency, where the outcome is not","entirely subject to chance, and where very","high stakes can be played for in a short","period of time. An obligation for all","providers of gambling services to conduct","regular, if not enhanced, customer due","diligence for single transactions (stakes","and payouts) of EUR 2 000 or more should","therefore be laid down, in any event","wherever the average payout ratio exceeds","90 %. State-owned providers of gambling","services with low average payout ratios, in","any event whenever this ratio does not","exceed 55 %, shall meet the requirements","regarding customer due diligence for","payouts of EUR 2 000 or more; this","provision shall be without prejudice to","Article 13. Gaming houses should ensure","that customer due diligence, if it is taken at","the point of entry to the premises, can be","linked to the transactions conducted by the","customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-43","location":[[" Proposal for a directive","Recital 13"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:31"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector, as established by a","risk assessment based on minimum","standards, and to provide parity amongst","the providers of gambling services, an","obligation for all providers of gambling","services to conduct customer due diligence","for single transactions of EUR 2 000 or","more should be laid down. Member States","should consider applying this threshold to","the collection of winnings as well as","wagering a stake. Providers of gambling","services with physical premises (e.g.","casinos and gaming houses) should ensure","that customer due diligence, if it is taken at","the point of entry to the premises, can be","linked to the transactions conducted by the","customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-44","justification":" This amendment tends to adapt the conditions for applying the threshold for the customer due\n diligence in order to ensure that they are appropriate and proportionate to the various forms\n of gambling and betting, depending the money laundering techniques\u2019 typology and\n according to the assessment that each Member States is required to conduct by the AMLD.","location":[["Proposal for a directive","Recital 13"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:31"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector, an obligation for all","providers of gambling services to conduct","customer due diligence for single","transactions of EUR 2.000 or more should","be laid down. Member States should","consider applying this threshold to either","or both wagering a stake and collection of","winnings, depending upon characteristics","and specific vulnerabilities of the various","forms of gambling and betting. Providers","of gambling services with physical","premises (e.g. casinos and gaming houses)","should ensure that customer due diligence,","if it is taken at the point of entry to the","premises, can be linked to the transactions","conducted by the customer on those","premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","","by the customer on those premises."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-45","location":[[" Proposal for a directive","Recital 13"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:31"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Within","the scope of a risk-based approach, it","should, however, be possible to exempt","individual gambling service providers","from customer due diligence if it can be","proven that the risk of money laundering","and terrorist financing is non-existent or","negligible. Member States should consider","applying this threshold to the collection of","winnings as well as wagering a stake.","Providers of gambling services with","physical premises (e.g. casinos and gaming","houses) should ensure that customer due","diligence, if it is taken at the point of entry","to the premises, can be linked to the","transactions conducted by the customer on","those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-46","location":[["Proposal for a directive","Recital 13"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:31"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of","EUR 3 000 or more should be laid down.","Member States should consider applying","this threshold to the collection of winnings","as well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"fr","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-47","location":[["Proposal for a directive","Recital 13"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:32"},"new":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 3","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"old":["(13) The use of the gambling sector to","launder the proceeds of criminal activity is","of concern. In order to mitigate the risks","related to the sector and to provide parity","amongst the providers of gambling","","services, an obligation for all providers of","gambling services to conduct customer due","diligence for single transactions of EUR 2","000 or more should be laid down. Member","States should consider applying this","threshold to the collection of winnings as","well as wagering a stake. Providers of","gambling services with physical premises","(e.g. casinos and gaming houses) should","ensure that customer due diligence, if it is","taken at the point of entry to the premises,","can be linked to the transactions conducted","by the customer on those premises."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-48","justification":" Whereas professional sport is particularly vulnerable to money laundering, frequently\n associated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\n the Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\n\nshortcoming, the professional sport sector should be subject to the AMLD4 on the same\ngrounds as the other non-financial professions.","location":[[" Proposal for a directive","Recital 13 a (new)"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:32"},"new":["(13a) The use of the sport sector to","launder the proceeds of criminal activity","is also of concern. Given the increasing","amounts and the variety of money flows","and financial transactions in this sector,","as well as the opaque networks of","stakeholders and interdependence","between the different actors which is an","impediment to establish the identity of the","beneficial owners, legal and natural","persons involved in professional sport","should be subject to the provisions of this","Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-49","location":[["Proposal for a directive","Recital 14"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:32"},"new":["(14) The risk of money laundering and","terrorist financing is not the same in every","case. Accordingly, a holistic risk-based","approach based on minimum standards","should be used. The risk-based approach is","not an unduly permissive option for","Member States and obliged entities. It","involves the use of evidence-based","decision making to better target the money","laundering and terrorist financing risks","facing the European Union and those","operating within it."],"old":["(14) The risk of money laundering and","terrorist financing is not the same in every","case. Accordingly, a risk-based approach","should be used. The risk-based approach is","not an unduly permissive option for","Member States and obliged entities. It","involves the use of evidence-based","decision making to better target the money","laundering and terrorist financing risks","facing the European Union and those","operating within it."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-50","location":[["Proposal for a directive","Recital 15"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:32"},"new":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC29 ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC30 ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31, should be tasked with","issuing an opinion on the risks affecting the","financial sector and, in consultation with","Member States, develop minimum","standards for risk assessments conducted","by competent national authorities. This","process shall involve the industry and","other relevant stakeholders through","public consultations and private","stakeholders meetings as appropriate."],"old":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC29 ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC30 ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31 , should be tasked with","issuing an opinion on the risks affecting the","financial sector."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-51","location":[[" Proposal for a directive","Recital 15"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:32"},"new":["(15) Underpinning the risk-based approach","is a need for the EU to identify, understand","and mitigate the money laundering and","terrorist financing risks it faces. The","importance of a supra-national approach to","risk identification has been recognised at","international level, and the European","Supervisory Authority (European Banking","Authority) (hereinafter \u2018EBA\u2019), established","by Regulation (EU) No 1093/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Banking Authority), amending Decision","No 716/2009/EC and repealing","Commission Decision 2009/78/EC29 ; the","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority) (hereinafter \u2018EIOPA\u2019),","established by Regulation (EU) No","1094/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Insurance and","Occupational Pensions Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/79/EC30 ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31 , should be tasked with","issuing an opinion on the risks affecting the","financial sector."],"old":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC29 ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC30 ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC31 , should be tasked with","issuing an opinion on the risks affecting the","financial sector."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-52","location":[[" Proposal for a directive","Recital 16"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:32"},"new":["(16) The results of risk assessments at","Member State level shall, where","appropriate, be made available to obliged","entities to enable them to identify,","understand and mitigate their own risks."],"old":["(16) The results of risk assessments at","Member State level should, where","appropriate, be made available to obliged","entities to enable them to identify,","understand and mitigate their own risks."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-53","location":[[" Proposal for a directive","Recital 17"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:32"},"new":["(17) In order to better understand and","mitigate risks at European Union level, the","Commission should share the results of","their risk assessments with EBA, EIOPA","and ESMA, where appropriate."],"old":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA and","ESMA, where appropriate."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"53","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-54","location":[[" Proposal for a directive","Recital 19"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:32"},"new":["(19) Risk itself is variable in nature and","over time, and the variables, either on their","own or in combination, may increase or","decrease the potential risk posed, thus","having an impact on the appropriate level","of preventative measures, such as customer","due diligence measures. Thus, there are","circumstances in which enhanced due","diligence should be applied and others in","which simplified due diligence may be","appropriate."],"old":["(19) Risk itself is variable in nature, and","the variables, either on their own or in","combination, may increase or decrease the","","potential risk posed, thus having an impact","on the appropriate level of preventative","measures, such as customer due diligence","measures. Thus, there are circumstances in","which enhanced due diligence should be","applied and others in which simplified due","diligence may be appropriate."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"54","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-55","location":[["Proposal for a directive","Recital 21"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:32"},"new":["(21) This is particularly true of business or","beneficial relationships with individuals","holding including but not limited to","foundations and trusts, or having held,","important public positions, particularly","those from countries where corruption is","widespread, within the Union and","internationally. Such relationships may","expose the financial sector in particular to","significant reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations"],"old":["(21) This is particularly true of business","relationships with individuals holding, or","having held, important public positions,","particularly those from countries where","corruption is widespread. Such","relationships may expose the financial","sector in particular to significant","reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"55","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-56","location":[[" Proposal for a directive","Recital 25"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:32"},"new":["(25) All Member States have, or should, set","up financial intelligence units (hereinafter","referred to as FIUs) to collect and analyse","the information which they receive with","the aim of establishing links between","suspicious transactions and underlying","criminal activity in order to prevent and","combat money laundering and terrorist","financing. Suspicious transactions should","be reported to the FIUs, which should","serve as a national centre for receiving,","analysing and disseminating to the","competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs.","It is important that Member States provide","FIUs with both the necessary resources to","ensure their full operational capacity to","deal with the current challenges posed by","money laundering and terrorist financing,","and needed competences to ensure an","effective cooperation between FIUs."],"old":["(25) All Member States have, or should, set","up financial intelligence units (hereinafter","referred to as FIUs) to collect and analyse","the information which they receive with","the aim of establishing links between","suspicious transactions and underlying","criminal activity in order to prevent and","combat money laundering and terrorist","financing. Suspicious transactions should","be reported to the FIUs, which should","serve as a national centre for receiving,","analysing and disseminating to the","competent authorities suspicious","transaction reports and other information","regarding potential money laundering or","terrorist financing. This should not compel","Member States to change their existing","reporting systems where the reporting is","done through a public prosecutor or other","law enforcement authorities, as long as the","information is forwarded promptly and","unfiltered to FIUs, allowing them to","perform their tasks properly, including","international cooperation with other FIUs."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"56","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-57","location":[[" Proposal for a directive","Recital 29"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:32"},"new":["(29) There have been a number of cases of","whistleblowers, employees and","representatives who report their suspicions","of money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect","whistleblowers, employees and","representatives from such threats or hostile","action."],"old":["(29) There have been a number of cases of","employees who report their suspicions of","money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"57","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-58","location":[["Proposal for a directive","Recital 31"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:32"},"new":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. The","processing of personal data should be","permitted in order to comply with the","obligations laid down in this Directive,","including carrying out of customer due","diligence, ongoing monitoring,","investigation and reporting of unusual and","suspicious transactions, identification of","the beneficial owner of a legal person or","legal arrangement, sharing of information","by competent authorities and sharing of","information by financial institutions. The","personal data collected should be limited to","what is necessary for the purpose of","complying with the requirements of this","Directive and not further processed in a","way inconsistent with Directive 95/46/EC.","In particular, further processing of personal","data for commercial purposes should be","strictly prohibited."],"old":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. The","processing of personal data should be","permitted in order to comply with the","obligations laid down in this Directive,","including carrying out of customer due","diligence, ongoing monitoring,","investigation and reporting of unusual and","suspicious transactions, identification of","the beneficial owner of a legal person or","legal arrangement, sharing of information","by competent authorities and sharing of","information by financial institutions. The","personal data collected should be limited to","what is strictly necessary for the purpose of","complying with the requirements of this","","Directive and not further processed in a","way inconsistent with Directive 95/46/EC.","In particular, further processing of personal","data for commercial purposes should be","strictly prohibited."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"58","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-59","location":[[" Proposal for a directive","Recital 32 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:33"},"new":["(32a) It is of utmost importance that","investment co-financed by the community","budget fulfil the highest standards to","prevent financial crimes including","corruption and tax evasion. The","European Investment Bank therefore has","adopted in 2008 adopted an internal","guideline entitled \"Policy on preventing","and deterring prohibited conduct in","European Investment Bank activities\" on","the legal basis of Article 325 TFEU,","Article 18 of the EIB Statute and of the","Council Regulation (EC, Euratom) No","1605/2002 of 25 June 2002. Following the","adoption of the policy the EIB shall report","on suspicions or alleged cases of money","laundering affecting EIB supported","projects, operations and transactions to","the Luxembourg Financial Intelligence","Unit"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"59","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-60","location":[[" Proposal for a directive","Recital 32 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:33"},"new":["(32a) The European Investment Bank has","adopted in 2008 an overarching internal","\"Policy on preventing and deterring","prohibited conduct in European","Investment Bank activities\", including","money laundering, on the legal basis of","Article 325 TFEU; Article 18 of the EIB","Statute; and Council Regulation (EC,","Euratom) No 1605/2002 of 25 June 2002.","Since the adoption of its policy the EIB","refers suspicions or alleged cases of","money laundering affecting projects,","operations and transactions financed by","the EIB to the Luxembourg Financial","Intelligence Unit."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"60","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-61","location":[["Proposal for a directive","Recital 34 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["(34a) Privacy and data protection are","fundamental rights in the EU and the","failure to protect the citizens' rights would","seriously erode the fight against","terrorism, and permit the perpetuation of","the sense that double standards were","being applied with respect to these issues,","which turns a blind eye to the actions of","some groups, while pursuing those of","others."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"61","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-62","location":[[" Proposal for a directive","Recital 34 b (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["(34b) The sole purpose of the processing","must be the prevention of money","laundering and terrorist financing and","personal information should not to be","further processed for incompatible","purposes."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"62","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-63","location":[[" Proposal for a directive","Recital 34 c (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["(34c) Considering that the personal","information of clients and potential","clients will sometimes be transferred to","organisations or subsidiaries in third","countries, we should take into account","that the data protection standards could","not equivalent to those found in the EU,","this is why the consequences of such","events must be anticipated and prevented."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"63","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-64","location":[[" Proposal for a directive","Recital 35 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["(35a) Specific provisions on international","transfers need to be added which also take","into account the principle of","proportionality, especially to avoid the","mass transfer of personal and sensitive","information."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"64","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-65","location":[["Proposal for a directive","Recital 35 b (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["(35b) The proposals of the Directive","should recognize the right of data subjects","to be informed of the analysis or transfer","of their personal information should be","clearly outlined in the proposed Directive","and any restrictions to the fundamental","rights of individuals should be fully","justified and be subject to specific","conditions and safeguards."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"65","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-66","location":[["Proposal for a directive","Recital 37"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:33"},"new":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews.","Particularly the Commission should keep","track of the use and involvement of 200","and 500 EUR notes in money laundering","and terrorist financing. The Commission","should assess the relevance of these notes","for on the one hand money supply of the","real economy and for on the other hand","illicit activities.","The assessment has to be carried out","within 2 years from the date of entry into","force of this directive."],"old":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"66","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-67","location":[[" Proposal for a directive","Recital 37 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:33"},"new":["(37a) To be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing,","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the","statistical data collected at Union level,","the Commission should keep track of the","EU-wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"67","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-68","location":[["Proposal for a directive","Recital 41"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:33"},"new":["(41) The importance of combating money","laundering and terrorist financing should","lead Member States to lay down effective,","proportionate and dissuasive sanctions in","national law for failure to respect the","national provisions adopted pursuant to this","Directive. Member States currently have a","diverse range of administrative measures","and sanctions for breaches of the key","preventative measures. This diversity could","be detrimental to the efforts put in","combating money laundering and terrorist","financing and the Union's response is at","risk of being fragmented. This Directive","should therefore include a range of","administrative measures and sanctions that","Member States shall have available for","systematic breaches of the requirements","relating to customer due diligence","measures, record keeping, reporting of","suspicious transactions and internal","controls of obliged entities. This range","should be sufficiently broad to allow","Member States and competent authorities","to take account of the differences between","obliged entities, in particular between","financial institutions and other obliged","entities, as regards their size,","characteristics, level of risk and areas of","activity. In the application of this","Directive, Member States should ensure","that the imposition of administrative","measures and sanctions in accordance with","this Directive and of criminal sanctions in","accordance with national law does not","breach the principle of ne bis in idem."],"old":["(41) The importance of combating money","laundering and terrorist financing should","lead Member States to lay down effective,","proportionate and dissuasive sanctions in","national law for failure to respect the","national provisions adopted pursuant to this","Directive. Member States currently have a","diverse range of administrative measures","and sanctions for breaches of the key","preventative measures. This diversity could","be detrimental to the efforts put in","combating money laundering and terrorist","financing and the Union's response is at","risk of being fragmented. This Directive","should therefore include a range of","administrative measures and sanctions that","Member States shall have available for","systematic breaches of the requirements","relating to customer due diligence","measures, record keeping, reporting of","suspicious transactions and internal","controls of obliged entities. This range","should be sufficiently broad to allow","Member States and competent authorities","to take account of the differences between","obliged entities, in particular between","financial institutions and other obliged","entities, as regards their size,","characteristics and areas of activity. In the","application of this Directive, Member","States should ensure that the imposition of","administrative measures and sanctions in","accordance with this Directive and of","criminal sanctions in accordance with","national law does not breach the principle","of ne bis in idem."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"68","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-69","location":[[" Proposal for a directive","Article 1 \u2013 paragraph 1 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["1a. Addressing the challenge of","international terrorism is essential to the","delivery of international peace and","security. Terrorism can only be prevented","and defeated if the international","community takes comprehensive, effective","and coordinated action to counter it."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"69","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-70","location":[[" Proposal for a directive","Article 1 \u2013 paragraph 3 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:33"},"new":["3a. The challenge of terrorism and the","necessity for international cooperation to","eradicate it were fully understood after","the events of 9/11; terrorism causes","damages not only to life and property, but","it also, inter alia, shakes the stability of","financial systems and, in the end,","undermines the confidence of citizens in","state authority."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"70","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-71","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:33"},"new":["1a. The European Investment Bank"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"71","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-72","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 a (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:33"},"new":["(2a) the European Investment Bank"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"72","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-73","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2a) the European Investment Bank;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"73","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-74","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 b (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2b) The European Bank for","Reconstruction and Development"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"74","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-75","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 b (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2b) national central banks"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"75","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-76","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 c (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2c) Central Banks of the Member States","when performing or facilitating","commercial or private transactions"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"76","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-77","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 c (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2c) the Single Supervisory Mechanism"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"77","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-78","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 2 d (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:34"},"new":["(2d) Central Settlement Systems"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"78","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-79","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point b \u2013 point v"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:34"},"new":["(v) creation, operation or management of","trusts, foundations, companies or similar","structures;"],"old":["(v) creation, operation or management of","trusts, companies or similar structures;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"79","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"S\u0142awomir Nitras","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-80","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point d"]],"meps":[96794],"meta":{"created":"2019-07-03T05:16:34"},"new":["(d) real estate agents;"],"old":["(d) real estate agents, including letting","agents;"],"orig_lang":"pl","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"80","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"S\u0142awomir Nitras","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-81","justification":" Lowering the threshold on cash transactions to EUR 7 500 made or received by natural and\n legal persons trading in goods will result in including in scope of the Directive a significant\n number of entities, including SMEs. The introduction of such a provision could be\n disproportionately burdensome on legitimate businesses and FIUs in relation to the results\n which can be achieved.","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point e"]],"meps":[96794],"meta":{"created":"2019-07-03T05:16:34"},"new":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 15 000 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"old":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 7 500 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"pl","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"81","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-82","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:34"},"new":["(f) providers of gambling services which","are particularly likely to be used for","money laundering or terrorist financing","purposes."],"old":["(f) providers of gambling services."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"82","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-83","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:34"},"new":["(fa) Member States shall prohibit cash","transfers exceeding 10000 Euros, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"83","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-84","justification":"Whereas professional sport is particularly vulnerable to money laundering, frequently\nassociated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\nthe Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\nshortcoming, the professional sport sector should be subject to the AMLD4 on the same\ngrounds as the other non-financial professions.","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:34"},"new":["(fa) natural or legal persons involved in","professional sport, in particular sport","organisations, clubs and sport managers,","sportsmen and sportswomen and players'","agents."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"84","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-85","location":[["Proposal for a directive","Article 2 \u2013 paragraph 6"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:34"},"new":["6. 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In assessing the risk of money","","laundering or terrorist financing occurring","for the purposes of this Article, Member","States shall pay special attention to any","financial activity which is regarded as","particularly likely, by its nature, to be used","or abused for money laundering or terrorist","financing purposes."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"85","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-86","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 6 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:34"},"new":["6a. 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The European Investment Bank and","the European Bank for Reconstruction","and Development shall adopt and publish","on their website an anti-money","laundering policy, containing detailed","procedures that give effect to provisions","under this Directive"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"106","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-107","location":[[" Proposal for a directive","Article 5 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:36"},"new":["Article 5a","Equivalence","1. The Commission shall by means of","delegated acts in accordance with Article","58a adopt decisions on the recognition of","the legal and supervisory framework of","jurisdictions outside the Union as","compliant with minimum standards of","good governance in tax matters as defined","by Commission Recommendation C(2012)","8805 and equivalent to the minimum","requirements of this Directive.","2. As of January 2018, corporate or legal","entities, including trusts, foundations,","holdings and all other similar, in terms of","structure or function, existing or future","legal arrangements, established, or","governed under the law of, jurisdictions","outside the Union not deemed compliant","and equivalent, shall be prohibited from","operating within the Union."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"107","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-108","location":[["Proposal for a directive","Article 5 \u2013 paragraph 1"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:36"},"new":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing","providing that such provisions do not","constitute an obstacle to the functioning","of the Single Market or unduly prevent","consumers from accessing financial","services."],"old":["The Member States may adopt or retain in","force stricter provisions in the field","covered by this Directive to prevent money","laundering and terrorist financing."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"108","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-109","location":[["Proposal for a directive","Article 6 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:36"},"new":["Article 6a","1. The Commission shall ensure that","national AML/CFT legislations of the","Member States adopted on the basis of the","present directive are effectively consistent","with the European [legal] framework and","implemented.","2. For the application of paragraph 1, the","Commission will be assisted by the","[Committee on the Prevention of Money","Laundering and Terrorism Financing],","and, where applicable, by the European","Supervisory Authorities and other","European competent authorities.","3. Evaluations of national AML/CTF","legislations intended at paragraph 1 are","made without prejudice of those","conducted by the Financial Action Task","Force or the FATF Style Regional Bodies."],"old":["",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"109","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-110","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:36"},"new":["1a. The Member States shall endorse in","their national AML/TF regimes all the","lists of countries published by FATF","which are directly applicable in national","law.","1b. The Member States shall be able to","apply appropriate countermeasures when","called upon to do so by the FATF. Such","countermeasures have to be effective and","proportionate to the risks and include at","least one of the measures set out in Annex","[IV].","1c. The Member States shall require from","their financial institutions to apply","enhanced due diligence measures with","natural and legal persons, and financial","institutions from the abovementioned","countries in paragraph 1. The type of","enhanced due diligence measures applied","should be effective and proportionate to","the risks and include one of the measures","set out in Annex [V]","1d. The Member States are free to","implement the requirements stated in","paragraph 2 and 3 of this article even in","absence of any call by FATF to do so","towards third countries. In such case,","Member States concerned shall inform","the ESAs and the Commission of the","identity of that third country, and the","nature of countermeasure(s) taken.","In those cases, the actions taken by","Member States should be considered as of","public order.","1e. The Committee on the Prevention of","Money Laundering and Terrorist","Financing shall ensure a minimum level","of coordination of the actions taken by","Member States on the enhanced due","diligence measures and countermeasures","they adopt towards countries mentioned at","paragraph 1."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"110","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-111","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:36"},"new":["1a. For the purposes of paragraph 1,","Europol shall submit an opinion on the","money laundering and terrorist financing","risks affecting the internal market within","one year from the date of entry into force","of this Directive."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"111","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-112","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:36"},"new":["After a public consultation the","Commission shall take the necessary steps","to identify, assess and understand the","money laundering and terrorist financing","risks affecting the internal market, with","specific reference to cross-border","phenomena in cooperation with Europol,","the Committee of European FIUs, EBA,","EIOPA, ESMA and other relevant","authorities."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"112","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-113","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:36"},"new":["The Commission shall submit a report on","the money laundering and terrorist","financing risks affecting the internal","market to the European Parliament and","the Council within 18 months from the","date of entry into force of this Directive.","The Commission\u2019s report shall cover at","least the following aspects:","a) identification of the areas of the","internal market at greater risk of money","laundering and terrorist financing;","b) money laundering and terrorist","financing risks outside the financial","sector;","c) the role of EUR 500 notes in criminal","activities and money laundering and the","impact of a possible discontinuation of the","issuing of EUR 500 notes in the eurozone;","d) risks related to gambling services.","For the purposes of subparagraph 1, the","European Banking Authority (hereinafter","\"EBA\"), European Insurance and","Occupational Pensions Authority","(hereinafter \"EIOPA\") and European","Securities and Markets Authority","(hereinafter \"ESMA\") shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"old":["The European Banking Authority","(hereinafter \"EBA\"), European Insurance","and Occupational Pensions Authority","(hereinafter \"EIOPA\") and European","Securities and Markets Authority","(hereinafter \"ESMA\") shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market.","",""],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"113","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-114","location":[["Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:36"},"new":["The joint opinion shall include proposals","for minimum standards for risk","assessments to be conducted by competent","national authorities. These minimum","standards shall be developed in","consultation with Member States and","shall involve the industry and other","relevant stakeholders through public","consultations and private stakeholders","meetings as appropriate."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"114","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-115","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:37"},"new":["The opinion shall be provided within one","year from the date of entry into force of","this Directive."],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"115","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-116","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:37"},"new":["The opinion shall be provided within 1","year from the date of entry into force of","this Directive."],"old":["The opinion shall be provided within 2","years from the date of entry into force of","this Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"116","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-117","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2 \u2013 introductory part"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:37"},"new":["2. The Commission shall:","- keep the assessment up to date,","- make the results of its risk assessment","publicly available to Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing, and to allow other","stakeholders including legislators to better","understand the financial risks,","- make appropriate information available","to obliged entities to carry out their own","money laundering and terrorist financing","risk assessments.","The Commission shall be assisted by the","Committee on the Prevention of Money","Laundering and Terrorist Financing,","hereinafter referred to as 'the Committee'.","The Committee shall be a committee","within the meaning of Regulation EU","182/2011.","Where high risks are identified at","European level by the Commission, the","Member States AML/CFT regimes shall","address these high risks. Without","prejudice to any other measures taken at","national level by Member States to","manage and mitigate these risks, the","Commission could prescribe to Member","States to take enhanced due diligence to","manage and mitigate risks. Member","States shall ensure that financial","institutions and Designated Non-","Financial Businesses and Professions","take into account these enhanced due","diligence measures to carry out and","manage their own money laundering and","terrorist financing risk assessments.","For the application of the above sub","paragraph, the Commission shall ensure","that Member States have effectively taken","into account its risk assessment in their","national AML/FT legislation."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing.","","",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"117","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-118","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:37"},"new":["2. The Commission shall make the","opinions referred to in paragraph 1,","subparagraphs 2 and 1a(new) available to","assist Member States and obliged entities","to identify, manage and mitigate the risk of","money laundering and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"118","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-119","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:37"},"new":["2. The Commission shall make the opinion","available to the public to assist Member","States and obliged entities to identify,","manage and mitigate the risk of money","laundering and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"119","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-120","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:37"},"new":["2. The Commission shall make the opinion","publicly available to assist Member States","and obliged entities to identify, manage","and mitigate the risk of money laundering","and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"120","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-121","location":[["Proposal for a directive","Article 6 \u2013 paragraph 2 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:37"},"new":["2a. The opinion and minimum standards","shall be updated on a tri-annual basis."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"121","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-122","location":[["Proposal for a directive","Article 7 \u2013 paragraph 1"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:37"},"new":["1. Each Member State shall take","appropriate steps to identify, assess,","understand and mitigate the money","laundering and terrorist financing risks","affecting it, and keep the assessment up-to-","date. This assessment shall comply with,","but not be limited to, the minimum","standards referred to in article 6 (1)."],"old":["1. Each Member State shall take","appropriate steps to identify, assess,","understand and mitigate the money","laundering and terrorist financing risks","affecting it, and keep the assessment up-to-","date."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"122","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-123","location":[["Proposal for a directive","Article 7 \u2013 paragraph 1 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:37"},"new":["1a. Both EU and Member States are","facing the challenge of simultaneously","securing the democratic rights of citizens","to make use and benefit from a secure","financial system and the right to","information, while dealing with the","misuse of the freedom of the single","market to finance terrorist activities and","exchange information on terrorist-related","activities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"123","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-124","justification":" The use of gambling for money laundering purposes and often related criminal activities is\n facilitated by several factors, in particular some dangerous forms of gambling and betting. In\n order to prevent and remedy this concern, dangerous forms of gambling, which should be\n defined through an in-depth ex-ante evaluation at the national level, are to be subject to strict\n regulation or prohibition.","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 1 a (new)"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:37"},"new":["1a. Each Member State shall take","appropriate steps to identify, assess,","understand and mitigate the money","laundering and terrorist financing risks","involved in any new gambling or betting","service prior to authorizing its","exploitation. Member States shall abstain","from authorizing the most dangerous","forms of gambling and betting in this","respect."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"124","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-125","location":[["Proposal for a directive","Article 7 \u2013 paragraph 2"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:37"},"new":["2. Each Member State shall designate an","authority to co-ordinate the national","response to the risks referred to in","paragraph 1. The identity of that authority","shall be notified to the Commission, EBA,","EIOPA, ESMA, the Committee and other","Member States."],"old":["2. Each Member State shall designate an","authority to co-ordinate the national","response to the risks referred to in","paragraph 1. The identity of that authority","shall be notified to the Commission, EBA,","EIOPA and ESMA and other Member","States."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"125","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-126","justification":" Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 7 \u2013 paragraph 2 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:37"},"new":["2a. The competent authorities shall","ensure:","(a) the effectiveness and appropriateness","of official controls on the implementation","of the rules laid down in the directive;","(b) that staff carrying out official controls","are free from any conflict of interest;","(c) that they have, or have access to, a","sufficient number of suitably qualified","and experienced staff so that official","controls and control duties can be carried","out efficiently and effectively;","(d) that they have appropriate and","properly maintained facilities and","equipment to ensure that staff can","perform official controls efficiently and","effectively;","(e) that they have the legal powers to","carry out official controls and to take the","measures provided for in this Directive;"],"old":["",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"126","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-127","justification":" Equivalent to Regulation (EC) 882/2004","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 2 b (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:37"},"new":["2b. When a Member State confers the","competence to carry out official controls","on an authority or authorities other than","a central competent authority, in","particular those at regional or local level,","efficient and effective coordination shall","be ensured between all the competent","authorities involved."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"127","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-128","justification":"Equivalent to Regulation (EC) 882/2004","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 2 c (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:38"},"new":["2c. Competent authorities shall ensure the","impartiality, quality and consistency of","official controls at all levels. The criteria","listed in paragraph 2b must be fully","respected by every authority on which the","competence to carry out official controls","is conferred."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"128","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-129","justification":"Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 7 \u2013 paragraph 2 d (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:38"},"new":["2d. When, within a competent authority,","more than one unit is competent to carry","out official controls, efficient and","effective coordination and cooperation","shall be ensured between the different","units."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"129","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-130","justification":" Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 7 \u2013 paragraph 2 e (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:38"},"new":["2e. Competent authorities shall carry out","internal audits or may have external","audits carried out, and shall take","appropriate measures in the light of their","results, to ensure that they are achieving","the objectives of this Directive. These","audits shall be subject to independent","scrutiny and shall be carried out in a","transparent manner."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"130","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-131","justification":"Equivalent to Regulation (EC) 882/2004","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 2 f (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:38"},"new":["2f. The Commission shall coordinate","without delay the action undertaken by","Member States when it, further to","information received from Member States","or from other sources, becomes aware of","activities that are, or appear to be,","contrary to feed or food law and are of","particular interest at Community level,","and in particular when:","(a) such activities have, or might have,","ramifications in several Member States;","(b) it appears that similar activities have","been carried out in several Member","States; or","(c) Member States are unable to agree on","appropriate action to address non-","compliance.","When official controls at destination show","repeated non-compliance, the competent","authority of the Member State of","destination shall inform the Commission","and the competent authorities of the other","Member States without delay.","The Commission may:","(a) in collaboration with the Member","State concerned, send an inspection team","to carry out an official control on-the-","spot;","(b) request that the competent authority of","the Member State of dispatch intensify","relevant official controls and report on","the action and measures taken.","Where the measures provided for in","paragraphs 2 and 3 are taken to deal with","repeated non-compliance, the competent","authority shall charge any expenses","arising from such measures to the","business in question."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"131","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-132","justification":"Equivalent to Regulation (EC) 882/2004","location":[["Proposal for a directive","Article 7 \u2013 paragraph 2 g (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:38"},"new":["2g. Commission experts shall carry out","general and specific audits in Member","States. The Commission may appoint","experts from Member States to assist its","own experts. General and specific audits","shall be organised in cooperation with","Member States' competent authorities.","Audits shall be carried out on a regular","basis. In order to facilitate the efficiency","and effectiveness of the audits, the","Commission may, in advance of carrying","out such audits, request that the Member","States provide, as soon as possible, up-to-","date copies of national control plans.","The Commission shall report on the","findings of each control carried out. Its","report shall, if appropriate, contain","recommendations for Member States on","the improvement of anti money","laundering and terrorist financing rules.","The Commission shall make its reports","publicly available. In the case of reports","on controls carried out in a Member","State, the Commission shall provide the","relevant competent authority with a draft","report for comments, take those comments","into consideration in preparing the final","report and publish the competent","authority's comments together with the","final report.","The Commission shall establish an","annual control programme, communicate","it to Member States in advance, and","report on its results. The Commission may","amend the programme to take account of","developments in the fields of feed and","food safety, animal health, animal welfare","and plant health.","Member States shall:","(a) take appropriate follow-up action in","the light of the recommendations","resulting from Community controls;","(b) give all necessary assistance and","provide all documentation and other","technical support that Commission","experts request to enable them to carry","out controls efficiently and effectively;","(c) ensure that Commission experts have","access to all premises or parts of premises","and to information, including computing","systems, relevant to the execution of their","duties."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"132","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-133","location":[["Proposal for a directive","Article 7 \u2013 paragraph 3"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:38"},"new":["3. In carrying out the assessments referred","to in paragraph 1, Member States shall","take account of the opinions referred to in","Article 6(1), subparagraphs 2 and","1a(new), and the Commission\u2019s","assessment referred to in Article 6(1) and","shall inform the Commission, where","appropriate, of any variations noticed","when carrying out the assessments","referred to in paragraph 1."],"old":["3. In carrying out the assessments referred","to in paragraph 1, Member States may","make use of the opinion referred to in","Article 6(1)."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"133","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-134","location":[["Proposal for a directive","Article 7 \u2013 paragraph 3"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:38"},"new":["3. In carrying out the assessments referred","to in paragraph 1, Member States shall","make use of the opinion referred to in","Article 6(1)."],"old":["3. In carrying out the assessments referred","to in paragraph 1, Member States may","make use of the opinion referred to in","Article 6(1)."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"134","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-135","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point a a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:38"},"new":["(aa) identify, where appropriate, areas at","negligible, lower and greater risk of","money laundering and terrorist","financing;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"135","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-136","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point b a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:38"},"new":["(ba) use the assessment(s) to ensure that","appropriate rules be drawn up for each","area, in accordance with the risk of","money laundering;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"136","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-137","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 4 \u2013 point c"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:38"},"new":["(c) make the required information","available to obliged entities to carry out","their own money laundering and terrorist","financing risk assessments and develop","appropriate policies, controls and","procedures to mitigate and manage risks."],"old":["(c) make appropriate information available","to obliged entities to carry out their own","money laundering and terrorist financing","risk assessments."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"137","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-138","location":[["Proposal for a directive","Article 7 \u2013 paragraph 5"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:38"},"new":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA."],"old":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA upon request."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"138","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-139","location":[["Proposal for a directive","Article 8 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:38"},"new":["3. Member States shall ensure that obliged","entities have policies, controls and","procedures to mitigate and manage","effectively the money laundering and","terrorist financing risks identified at Union","level, Member State level, and at the level","of obliged entities. Policies, controls and","procedures should be proportionate to the","nature and size of those obliged entities","and the risk of money laundering and","terrorist financing."],"old":["3. Member States shall ensure that obliged","entities have policies, controls and","procedures to mitigate and manage","effectively the money laundering and","terrorist financing risks identified at Union","level, Member State level, and at the level","of obliged entities. Policies, controls and","procedures should be proportionate to the","nature and size of those obliged entities."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"139","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-140","location":[[" Proposal for a directive","Article 8 \u2013 paragraph 3 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:38"},"new":["3a. Member States should consider that","specific safeguards, for example the right","of individuals to be informed and the","respect of the principles of proportionality","are essential to prevent ordinary citizens","from being excessively profiled by service","providers on dubious grounds with","potentially damaging effects."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"140","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-141","location":[[" Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 point a"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:38"},"new":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening. In any case, these measures","shall not allow the obliged entities to ask","consumers to provide more personal data","than necessary or deny access to financial","services to some categories of consumers","both at national and cross-border level;"],"old":["(a) the development of internal policies,","procedures and controls, including","customer due diligence, reporting, record","keeping, internal control, compliance","management (including, when appropriate","to the size and nature of the business, the","appointment of a compliance officer at","management level) and employee","screening;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"141","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-142","location":[["Proposal for a directive","Article 8 \u2013 paragraph 4 \u2013 subparagraph 1 (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:38"},"new":["Should the nature and size of an obliged","entity prevent it from meeting the","requirements referred to in paragraph 4","and/or if the risk of money laundering","and terrorist financing is negligible,","Member States may lay down","requirements which are less stringent","than those set out in paragraph 4.","Member States shall inform the","Commission accordingly."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"142","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-143","location":[["Proposal for a directive","Article 8 \u2013 paragraph 5 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:38"},"new":["5a. Member States and obliged entities","should identify and assess the money","laundering or terrorist financing risks","that may arise in relation to the use of","new or developing technologies or","business practices, including new delivery","mechanisms, for both new and pre-","existing products. In the case of obliged","entities, such a risk assessment should","take place prior to the launch of the new","products, business practices or the use of","new or developing technologies. They","should take appropriate measures to","manage and mitigate those risks."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"143","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-144","location":[[" Proposal for a directive","Article 9 \u2013 paragraph 1"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:38"},"new":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts, issuing e-money","without identifying the e-money holder","and verifying the e-money holder or","anonymous passbooks. Member States","shall in all cases require that the owners","and beneficiaries of existing anonymous","accounts or anonymous passbooks be made","the subject of customer due diligence","measures as soon as possible and in any","event before such accounts or passbooks","are used in any way."],"old":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts or anonymous","passbooks. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts or","anonymous passbooks be made the subject","of customer due diligence measures as","soon as possible and in any event before","such accounts or passbooks are used in any","way."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"144","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-145","location":[[" Proposal for a directive","Article 9 \u2013 paragraph 1"]],"meps":[4238],"meta":{"created":"2019-07-03T05:16:39"},"new":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts or anonymous","passbooks. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts or","anonymous passbooks be made the subject","of customer due diligence measures by","1 January 2015 at the latest and in any","event before such accounts or passbooks","are used in any way."],"old":["Member States shall prohibit their credit","and financial institutions from keeping","anonymous accounts or anonymous","passbooks. Member States shall in all cases","require that the owners and beneficiaries of","existing anonymous accounts or","anonymous passbooks be made the subject","of customer due diligence measures as","soon as possible and in any event before","such accounts or passbooks are used in any","way."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"145","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-146","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point b"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:39"},"new":["(b) when carrying out transactions","amounting to EUR 15 000 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"old":["(b) when carrying out occasional","transactions amounting to EUR 15 000 or","more, whether the transaction is carried out","in a single operation or in several","operations which appear to be linked;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"146","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-147","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point c"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:39"},"new":["(c) for natural or legal persons trading in","goods, when carrying out transactions in","cash amounting to EUR 7 500 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"old":["(c) for natural or legal persons trading in","goods, when carrying out occasional","transactions in cash amounting to EUR 7","500 or more, whether the transaction is","carried out in a single operation or in","several operations which appear to be","linked;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"147","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sari Essayah, Sirpa Pietik\u00e4inen","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-148","justification":" One could imagine that someone plays with a bucket full of coins with a slot machine and is\n theoretically able to play more than 2000 euros a day, but this would be highly impractical\n and improbable method for money laundering and would not necessitate due diligence\n measures.","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96682,40599],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked. Member States may","exclude from due diligence measures","certain types of gambling services where","the risk of money laundering is minimal","due to the low stakes used and the means","by which these gambling services are","provided making them an impractical and","inefficient method for laundering money;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"148","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-149","justification":"This amendment tends to adapt the conditions for applying the threshold for the customer due\ndiligence in order to ensure that they are appropriate and proportionate to the various forms\nof gambling and betting, depending the money laundering techniques\u2019 typology and\naccording to the assessment that each Member States is required to conduct by the AMLD.","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","whereby either or both the winnings or","the stakes amount to EUR 2 000 or more;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more,","whether the transaction is carried out in a","single operation or in several operations","which appear to be linked;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"149","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-150","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 3 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"fr","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"150","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-151","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 3 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"151","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-152","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) for providers of gambling services,","when carrying out transactions amounting","to EUR 2 000 or more, whether the","transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"152","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-153","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d \u2013 indent 1 (new)"]],"meps":[1917],"meta":{"created":"2019-07-03T05:16:39"},"new":["- except in the case of lotteries organised","by State-owned enterprises with low","average payout ratios (in any event under","55 %); in this case, customer due","diligence applies to payouts of EUR 2 000","or more."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"153","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-154","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point a"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:39"},"new":["(a) identifying the customer and verifying","the customer's identity on the basis of","documents, data or information obtained","from a reliable and independent source. It","shall however be strictly forbidden to","require the customer to reside or to have","proven links in the country where the","business relationship is to be established","or the transaction carried-out;"],"old":["(a) identifying the customer and verifying","the customer's identity on the basis of","","documents, data or information obtained","from a reliable and independent source;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"154","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-155","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point b"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:39"},"new":["(b) Further to the identification of the","beneficial owners as listed in the public","registry pursuant to article 29, taking","reasonable measures to verify his or her","identity so that the institution or person","covered by this Directive is fully satisfied","that it knows who the beneficial owner is,","including, as regards legal persons, trusts,","foundations, holdings and all other","similar existing or future legal","arrangements, taking all necessary","measures to understand the ownership and","control structure of the customer"],"old":["(b) identifying the beneficial owner and","taking reasonable measures to verify his","identity so that the institution or person","covered by this Directive is satisfied that it","knows who the beneficial owner is,","including, as regards legal persons, trusts","and similar legal arrangements, taking","reasonable measures to understand the","ownership and control structure of the","customer;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"155","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-156","location":[["Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point d"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:39"},"new":["(d) conducting monitoring of the business","relationship including scrutiny of","transactions undertaken throughout the","course of that relationship to ensure that","the transactions being conducted are","consistent with the institution's or person's","knowledge of the customer, the business","and risk profile, including, where","necessary, the source of funds and ensuring","that the documents, data or information","held are kept up-to-date."],"old":["(d) conducting ongoing monitoring of the","business relationship including scrutiny of","","transactions undertaken throughout the","course of that relationship to ensure that","the transactions being conducted are","consistent with the institution's or person's","knowledge of the customer, the business","and risk profile, including, where","necessary, the source of funds and ensuring","that the documents, data or information","held are kept up-to-date."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"156","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-157","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 1 \u2013 point d a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:39"},"new":["(da) EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities","referred to in Article 2(1)(1) and (2) on","the types of documents, data and","information that could be asked to the","customer and the beneficial owner and","which are strictly necessary to comply","with this article. These guidelines shall be","issued within 2 years of the date of entry","into force of this Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"157","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-158","location":[[" Proposal for a directive","Article 11 \u2013 paragraph 5 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:40"},"new":["5a. The personal data collected shall be","limited to what is strictly necessary for the","purpose of complying with the","requirements of this Directive. In","particular, collecting personal data for","commercial purposes shall be strictly","prohibited."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"158","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-159","justification":"In areas where, as a result of national measures and provisions, for example, the money\nlaundering and terrorist financing risk is non-existent or negligible, it should also be possible\nto exempt obliged entities from customer due diligence as part of a risk-based approach.","location":[["Proposal for a directive","Article 12 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:40"},"new":["Article 12a","1. Where a Member State or an obliged","entity identifies areas of no or negligible","risk, that Member State may absolve","obliged entities from customer due","diligence measures. The exemption shall","be justified and limited to certain business","activities and/or certain obliged entities.","2. The Member State shall inform the","Commission accordingly."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"159","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Jean-Paul Gauz\u00e8s","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-160","location":[["Proposal for a directive","Article 12 \u2013 paragraph 2"]],"meps":[28193],"meta":{"created":"2019-07-03T05:16:40"},"new":["2. By way of derogation from paragraph 1,","Member States may allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","or during the execution of the transaction","for entities subject to the obligations","referred to in Article 2(f) and, at all","events, before any winnings are paid out,","if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"old":["2. By way of derogation from paragraph 1,","Member States may allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"orig_lang":"fr","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"160","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-161","location":[[" Proposal for a directive","Article 12 \u2013 paragraph 2"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:40"},"new":["2. By way of derogation from paragraph 1,","Member States may, after informing the","Commission, allow the verification of the","identity of the customer and the beneficial","owner to be completed during the","establishment of a business relationship if","this is necessary not to interrupt the normal","conduct of business and where there is","little risk of money laundering or terrorist","financing occurring. In such situations","these procedures shall be completed as","soon as practicable after the initial contact."],"old":["2. By way of derogation from paragraph 1,","Member States may allow the verification","of the identity of the customer and the","beneficial owner to be completed during","the establishment of a business relationship","if this is necessary not to interrupt the","normal conduct of business and where","there is little risk of money laundering or","terrorist financing occurring. In such","situations these procedures shall be","completed as soon as practicable after the","initial contact."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"161","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-162","location":[["Proposal for a directive","Article 12 \u2013 paragraph 5"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:40"},"new":["5. Member States shall require that obliged","entities apply the customer due diligence","procedures not only to all new customers","but also to existing customers on a risk-","sensitive basis, including when the relevant","circumstances of a customer change."],"old":["5. Member States shall require that obliged","entities apply the customer due diligence","procedures not only to all new customers","but also at appropriate times to existing","customers on a risk-sensitive basis,","including at times when the relevant","circumstances of a customer change."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"162","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-163","location":[["Proposal for a directive","Article 13 \u2013 paragraph 2"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:40"},"new":["deleted"],"old":["2. Before applying simplified customer","due diligence measures obliged entities","shall ascertain that the customer","relationship or transaction presents a","lower degree of risk."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"163","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-164","location":[["Proposal for a directive","Article 13 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:40"},"new":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transactions or business relationships","to enable the detection of unusual or","suspicious transactions."],"old":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transaction or business relationship to","","enable the detection of unusual or","suspicious transactions."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"164","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-165","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 3"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:40"},"new":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transaction or business relationship to","enable the detection of unusual or","suspicious transactions.","Obliged entities must identify their","customers and the beneficial owner(s) of","their customers in accordance with Article","11(a) and (b) before identifying a business","relationship as lower risk."],"old":["3. Member States shall ensure that obliged","entities carry out sufficient monitoring of","the transaction or business relationship to","enable the detection of unusual or","suspicious transactions."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"165","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-166","location":[[" Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:40"},"new":["3a. The Member States shall draw up","guidelines on the minimum action to be","taken by obliged entities, with the","exception of the entities referred to in","Article 2(1)(1) and (2), in cases in which","simplified customer due diligence is","appropriate."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"166","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Markus Ferber","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-167","location":[["Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[1917],"meta":{"created":"2019-07-03T05:16:40"},"new":["3a. Providers of gambling services whose","average payout ratio exceeds 90% shall","not be permitted simplified customer due","diligence."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"167","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-168","location":[["Proposal for a directive","Article 13 \u2013 paragraph 3 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:40"},"new":["3a. Obliged entities must identify the","customer and the beneficial owner(s) of","their customers in accordance with Article","11(a) and (b) before identifying a business","relationship as lower risk."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"168","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-169","location":[["Proposal for a directive","Article 15 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:40"},"new":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. Those","guidelines shall be issued within 18","months of the date of entry into force of","this Directive."],"old":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. These","guidelines shall be issued within 2 years of","the date of entry into force of this","Directive."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"169","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-170","location":[[" Proposal for a directive","Article 15 \u2013 paragraph 1"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:41"},"new":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. These","guidelines shall be issued within 1 year of","the date of entry into force of this","Directive."],"old":["EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to in Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where simplified due","diligence measures are appropriate.","Specific account should be taken of the","nature and size of the business, and where","appropriate and proportionate, specific","measures should be foreseen. These","guidelines shall be issued within 2 years of","the date of entry into force of this","Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"170","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-171","location":[["Proposal for a directive","Article 16 \u2013 paragraph 2"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:41"},"new":["2. Member States shall require obliged","entities to examine the background and","purpose of all complex, unusual large","transactions, and all unusual patterns of","transactions, which have no apparent","economic or lawful purpose, or which","constitute tax crimes amounting to","criminal activity within the meaning of","Article 3(4)(f), or which are constitutive of","aggressive tax planning as defined by","Commission recommendation C(2012)","8806. In particular, they shall increase the","degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious. In case an","obliged entity determines such unusual or","suspicious transaction or activity, it shall","without delay inform the FIUs of all","Member States that might be concerned."],"old":["2. Member States shall require obliged","entities to examine, as far as reasonably","possible, the background and purpose of all","complex, unusual large transactions, and","all unusual patterns of transactions, which","have no apparent economic or lawful","purpose. In particular, they shall increase","the degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"171","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-172","location":[["Proposal for a directive","Article 16 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:41"},"new":["2. Member States shall require obliged","entities to examine the background and","purpose of all complex, unusual large","transactions, and all unusual patterns of","transactions, which have no apparent","economic or lawful purpose. In particular,","they shall increase the degree and nature of","monitoring of the business relationship, in","order to determine whether those","transactions or activities appear unusual or","suspicious."],"old":["2. Member States shall require obliged","entities to examine, as far as reasonably","possible, the background and purpose of all","complex, unusual large transactions, and","all unusual patterns of transactions, which","","have no apparent economic or lawful","purpose. In particular, they shall increase","the degree and nature of monitoring of the","business relationship, in order to determine","whether those transactions or activities","appear unusual or suspicious."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"172","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-173","location":[[" Proposal for a directive","Article 16 \u2013 paragraph 4"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 18","months of the date of entry into force of","this Directive."],"old":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","These guidelines shall be issued within 2","years of the date of entry into force of this","Directive."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"173","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-174","location":[[" Proposal for a directive","Article 16 \u2013 paragraph 4"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:41"},"new":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 1","year of the date of entry into force of this","Directive."],"old":["4. EBA, EIOPA and ESMA shall issue","guidelines addressed to competent","","authorities and the obliged entities referred","to Article 2(1)(1) and (2) in accordance","with Article 16 of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010 on the risk factors to be taken","into consideration and/or the measures to","be taken in situations where enhanced due","diligence measures need to be applied.","Those guidelines shall be issued within 2","years of the date of entry into force of this","Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"174","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-175","location":[["Proposal for a directive","Article 18 \u2013 paragraph 1 \u2013 subparagraph 1 (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:41"},"new":["In order to facilitate this, Member States","shall set up national registers of","politically exposed persons."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"175","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-176","location":[["Proposal for a directive","Article 19 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["In respect of transactions or business","relationships with domestic exposed","persons or a person who is or has been","entrusted with a prominent function by an","international organisation, Member States","shall, in addition to the customer due","diligence measures set out in Article 11,","require obliged entities:"],"old":["In respect of transactions or business","relationships with domestic politically","exposed persons or a person who is or has","been entrusted with a prominent function","by an international organisation, Member","States shall, in addition to the customer due","diligence measures set out in Article 11,","","require obliged entities:"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"176","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-177","location":[[" Proposal for a directive","Article 20 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["Obliged entities shall take reasonable","measures to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are exposed persons. Those","measures shall be taken at the latest at the","time of the payout or at the time of the","assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"old":["Obliged entities shall take reasonable","measures to determine whether the","beneficiaries of a life or other investment","related insurance policy and/or, where","required, the beneficial owner of the","beneficiary are politically exposed persons.","Those measures shall be taken at the latest","at the time of the payout or at the time of","the assignment, in whole or in part, of the","policy. Where there are higher risks","identified, in addition to taking normal","customer due diligence measures, Member","States shall require obliged entities to:"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"177","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-178","location":[[" Proposal for a directive","Article 21 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["The measures referred to in Articles 18, 19","and 20 shall also apply to family members","or persons known to be close associates of","such exposed persons."],"old":["The measures referred to in Articles 18, 19","and 20 shall also apply to family members","or persons known to be close associates of","such politically exposed persons."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"178","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-179","location":[["Proposal for a directive","Article 22 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["Where a person referred to in Articles 18,","19 and 20 has ceased to be entrusted with a","prominent post by a Member State or a","third country or with a prominent function","by an international organisation, obliged","entities shall be required to consider the","continuing risk posed by that person and to","apply such appropriate and risk-sensitive","measures until such time as that person is","deemed to pose no further risk. This period","of time shall not be less than 18 months."],"old":["Where a person referred to in Articles 18,","19 and 20 has ceased to be entrusted with a","prominent public function by a Member","State or a third country or with a prominent","function by an international organisation,","obliged entities shall be required to","consider the continuing risk posed by that","person and to apply such appropriate and","risk-sensitive measures until such time as","that person is deemed to pose no further","risk. This period of time shall not be less","than 18 months."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"179","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-180","location":[["Proposal for a directive","Article 25 \u2013 paragraph 2"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:41"},"new":["2. The Commission shall consider","information available on the level of","geographical risk when deciding if a third","country meets the conditions laid down in","paragraph 1 and shall inform the other","Member States, the obliged entities and","EBA, EIOPA and ESMA to the extent","relevant for the purposes of this Directive","and in accordance with the relevant","provisions of Regulation (EU) No","1093/2010, of Regulation (EU) No","1094/2010, and of Regulation (EU) No","1095/2010, of cases where they consider","that a third country meets such conditions."],"old":["2. The Member States shall consider","information available on the level of","geographical risk when deciding if a third","country meets the conditions laid down in","paragraph 1 and shall inform each other,","the Commission and EBA, EIOPA and","ESMA to the extent relevant for the","purposes of this Directive and in","accordance with the relevant provisions of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010, and of","Regulation (EU) No 1095/2010, of cases","where they consider that a third country","meets such conditions."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"180","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-181","location":[[" Proposal for a directive","Article 27 \u2013 paragraph 1 a (new)"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:41"},"new":["EBA, EIOPA and ESMA shall issue","guidelines on the implementation of the","supervisory regime by the competent","authorities in the relevant Member States","for group entities to ensure coherent and","effective group level supervision. Those","guidelines shall be issued within two years","of the date of entry into force of this","Directive and made public."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"181","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-182","location":[[" Proposal for a directive","Article 27 \u2013 paragraph 1 \u2013 point c"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:41"},"new":["(c) the effective implementation of","requirements referred to in point (b) is","supervised at group level by a home","competent authority in cooperation with","host competent authorities in the EU."],"old":["(c) the effective implementation of","requirements referred to in point (b) is","supervised at group level by a competent","authority."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"182","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-183","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:42"},"new":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","information on the following:","(a) basic information: the company name,","company number, proof of incorporation,","legal form and status, the address of the","registered office (and the of the principle","place of business if different from the","registered office), the basic regulating","powers (e.g. memorandum & articles of","association), a list of directors (including","their nationality and date of birth).","(b) a list of its shareholders or members,","containing the names of the shareholders","and members, and number of shares held","by each shareholder, and categories of","shares (including the nature of the","associated voting rights). For","shareholders who are natural persons the","list shall include their name, date of birth","and nationality. For shareholders who are","corporate or legal entities, the list shall","include their name, company number and","jurisdiction of incorporation.","(c) if a company's beneficial owner is","different from its shareholders, a list of","the beneficial owner(s), including their","name, date of birth, nationality and","country of residence. If relevant, this list","should include their proportion of","shareholding or control."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current","information on their beneficial ownership."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"183","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-184","justification":" Public registry in line with EP position expressed in several resolutions (for example Kleva\n report). And to counter one argument brought forward frequently, as the requirements\n stipulated in this paragraph are without prejudice to the customer due diligence provisions of\n this directive, there is no risk to let the banks off the hook","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:42"},"new":["1. Member States shall ensure that","corporate or legal entities, including trusts,","foundations, holdings and all other","similar, in terms of structure or function,","existing or future legal arrangements","established within their territory, or","governed under their law obtain, hold and","transmit to a public registry pursuant to","paragraph 4 of this article, adequate,","accurate and current information on their","beneficial ownership, at the moment of","establishment or any changes thereof.","The public registry shall contain but not","be limited to the following information:","a) name and legal form of the corporate","or legal entity,","b) address","c) basic regulatory powers","d) list of directors","e) shareholder information including","names, dates of birth and addresses, the","number of shares per shareholder, and","categories of shares","The requirements stipulated in this","paragraph are without prejudice to the","customer due diligence provisions of this","directive"],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"184","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-185","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:42"},"new":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership, relevant to","appropriate ownership thresholds."],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","on their beneficial ownership."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"185","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-186","location":[["Proposal for a directive","Article 29 \u2013 paragraph 1 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:42"},"new":["1a. This information must include:","a) the company name, company number,","proof of incorporation, legal form and","status, the address of the registered office","(and the of the principle place of business","if different from the registered office), the","basic regulating powers (e.g.","memorandum & articles of association), a","list of directors (including their","nationality and date of birth).","b) a list of its shareholders or members,","containing the names of the shareholders","and members, and number of shares held","by each shareholder, and categories of","shares (including the nature of the","associated voting rights). For","shareholders who are natural persons the","list shall include their name, date of birth","and nationality. For shareholders who are","corporate or legal entities, the list shall","include their name, company number and","jurisdiction of incorporation.","c) If a company's beneficial owner is","different from its shareholders, a list of","the beneficial owner(s), including their","name, date of birth, nationality and","country of residence. If relevant, this list","should include their proportion of","shareholding or control."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"186","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-187","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:42"},"new":["1a. Member States shall ensure that","central registers, commercial registers or","company registers within their territory","contain information about the beneficial","owners of","(a) companies of all legal forms,","(b) other legal persons, such as","foundations,","(c) legal arrangements, such as trusts,","through which funds are administered or","distributed, and","(d) express trusts governed by their law","established within their territory, enabling","the beneficial owners to be clearly","identified.","The information referred to in paragraphs","1 and 1a shall be updated continuously","and without delay in the respective","register."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"187","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-188","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:42"},"new":["2. Regarding trusts or other types of legal","entity and arrangements with a similar","structure and function of trusts, the","information shall also include the identity","of the settlor, of the trustee(s), of the","protector (if relevant), of the beneficiaries","or class of beneficiaries, and of any other","natural person exercising effective control","over the trust."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"188","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-189","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:42"},"new":["2. Member states shall ensure that","company registers are accessible online to","the public, in open data format."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"189","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-190","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:42"},"new":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article is collected in centralised","registers that are publicly available via the","internet."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"190","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-191","justification":" Wording should be strengthened to improve international and European cooperation for\n information of company's beneficial ownership - particularly in light of recent European\n Council and G8 commitments. Investors have the right to know who the beneficial owners of\n listed companies are as well.","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:42"},"new":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely and","efficient manner by Union and","international competent authorities and by","obliged entities. Member States shall seek","to constructively cooperate whenever","possible and should maintain central","registries of company beneficial","ownership. Information of beneficial","ownership of listed companies shall be","made public."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"191","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-192","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:42"},"new":["2. Member States shall ensure that the","information referred to in paragraphs 1","and 1a of this Article can be accessed","without delay by competent authorities and","by obliged entities of all Member States in","the respective register and that they can","check the correctness of the information."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"192","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-193","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:42"},"new":["2a. To facilitate access in a timely manner","Member States shall ensure that the","information referred to in paragraph 1 is","maintained in central registers in the","Member States and that such registers are","interconnected pursuant to the","specifications laid down in Directive","2012/17/EU of the European Parliament","and of the Council of 13 June 2012","amending Council Directive 89/666/EEC","and Directive 2005/56/EC and","2009/101/EC of the European Parliament","and of the Council as regards the","interconnection of central, commercial","and companies register."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"193","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-194","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:42"},"new":["2a. Member States shall ensure that","access to the information referred to in","paragraphs 1 and 1a is provided by means","of the European platform, the portal and","optional access points established by the","Member States pursuant to Directive","2012/17/EU.","Member States, with the support of the","Commission, shall ensure that their","central, commercial and company","registers are interoperable within the","system of register networking through the","European platform."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"194","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-195","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:42"},"new":["2a. Member states shall ensure that the","information referred to in paragraph 1 is","adequate, accurate and up-to-date. If any","of the information changes, the corporate","or legal entity must update the registry","within 30 days. There should be","appropriate administrative sanctions for","natural and legal persons who provide","fraudulent information in line with","Section 4 of this Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"195","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-196","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:42"},"new":["2a. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"196","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-197","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:42"},"new":["2b. Member States shall cooperate with","third-countries so as to promote that","equivalent business registers are","established and information referred to in","paragraph 1 of this Article on companies","in their countries is made accessible to","obliged entities within the EU."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"197","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-198","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:42"},"new":["2b. The Commission shall submit to the","European Parliament and the Council","within three years after the entry into","force of this Directive a report on the","application and mode of functioning of","the requirements pursuant to paragraphs","1, 1a, 2 and 2a, if appropriate","accompanied by a legislative proposal."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"198","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-199","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:43"},"new":["2b. Member States shall ensure that the","information referred to paragraphs 1,2,3,","of this article is displayed in a public","beneficial ownership registry in a timely,","comprehensive and comprehensible","manner before end of 2014. Any changes","to the information required shall be","clearly indicated in the registry without","delay and at latest within 30 days"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"199","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-200","justification":"Prone to abuse, according to Investopedia a bearer share is \"an equity security that is wholly\nowned by whoever holds the physical stock certificate. The issuing firm neither registers the\nowner of the stock, nor does it track transfers of ownership. Because the share is not\nregistered to any authority, transferring the ownership of the stock involves only delivering\nthe physical document. Bearer shares lack the regulation and control of common shares\nbecause ownership is never recorded.\"","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:43"},"new":["2c. For the purposes of this article,","Member States shall establish effective","anti-abuse measures with view to","preventing misuse based on bearer shares","and bearer share warrants."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"200","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-201","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 d (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:43"},"new":["2d. Sanctions for non-compliance with","this article shall be applied in accordance","with article 55 of this directive"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"201","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-202","justification":" No longer needed as obligations concerning trusts are incorporated in article 29 as amended\n by Giegold and Tavarez","location":[["Proposal for a directive","Article 30"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:43"},"new":["deleted"],"old":["Article 30","1. Member States shall ensure that","trustees of any express trust governed","under their law obtain and hold adequate,","accurate and current information on","beneficial ownership regarding the trust.","","This information shall include the identity","of the settlor, of the trustee(s), of the","protector (if relevant), of the beneficiaries","or class of beneficiaries, and of any other","natural person exercising effective control","over the trust.","2. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10.","3. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities.","4. Member States shall ensure that","measures corresponding to those in","paragraphs 1, 2 and 3 apply to other types","of legal entity and arrangement with a","similar structure and function to trusts."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"202","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-203","location":[[" Proposal for a directive","Article 30 \u2013 paragraph 1"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:43"},"new":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust. The information held should include","the date of birth and nationality of all","individuals."],"old":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"203","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-204","location":[["Proposal for a directive","Article 30 \u2013 paragraph 1"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:43"},"new":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust, including the name, nationality and","date of birth all individuals."],"old":["1. Member States shall ensure that trustees","of any express trust governed under their","law obtain and hold adequate, accurate and","current information on beneficial","ownership regarding the trust. This","information shall include the identity of the","settlor, of the trustee(s), of the protector (if","relevant), of the beneficiaries or class of","beneficiaries, and of any other natural","person exercising effective control over the","trust."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"204","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-205","location":[["Proposal for a directive","Article 30 \u2013 paragraph 2"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:43"},"new":["2. Member States shall ensure that all","trusts governed under their law register","the information listed in paragraph 1 of","this Article in a registry of trusts that is","online accessible for the public, and that","this information is adequate, accurate and","up-to-date. 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Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"208","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-209","location":[["Proposal for a directive","Article 30 \u2013 paragraph 3"]],"meps":[96836,23413],"meta":{"created":"2019-07-03T05:16:43"},"new":["3. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities of all Member States and","that they can check the correctness of the","information."],"old":["3. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"209","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-210","location":[["Proposal for a directive","Article 30 \u2013 paragraph 4 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:43"},"new":["4a. 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Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"211","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-212","location":[[" Proposal for a directive","Article 30 \u2013 paragraph 4 c (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:43"},"new":["4c. Member States shall ensure that","measures corresponding to those in","paragraphs 1, 2 and 3 apply to other types","of legal entity and arrangement with a","similar structure and function to trusts"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"212","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-213","location":[["Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:43"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate financial, technical and human","resources in order to fulfil its tasks.","Member states shall ensure that the FIU","is free from undue interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate resources in order to fulfil its","tasks."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"213","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-214","justification":" Auditors, tax advisors and lawyers, in particular, have a duty of care to ensure that their\n services do not facilitate tax crimes or aggressive tax avoidance and should inform the\n appropriate competent authority of any suspicious activity where necessary.","location":[["Proposal for a directive","Article 32 \u2013 paragraph 1 \u2013 point b a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:43"},"new":["(ba) In the case of persons referred to in","Article 2(1)(3)(a), (b), and (d), by","informing the FIU and / or appropriate","self-regulatory body of the profession","concerned, as detailed in Article 33(1), if","they suspect, or have reasonable grounds","to suspect that their services are being","misused for the purpose of criminal","activity, in particular, that which is","defined in Article 3 (4), and aggressive tax","avoidance."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"214","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-215","location":[[" Proposal for a directive","Article 32 \u2013 paragraph 2"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:44"},"new":["2. 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The person or","persons designated in accordance with the","procedures provided for in Article 8(4)","shall forward the information."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"215","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-216","location":[[" Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:44"},"new":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action. 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The prohibition laid down in paragraph","1 shall not prevent disclosure between","institutions from Member States, or from","third countries which impose","requirements equivalent to those laid","down in this Directive provided that they","belong to the same group."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"218","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-219","location":[[" Proposal for a directive","Article 38 \u2013 paragraph 4 \u2013 subparagraph 1"]],"meps":[4238],"meta":{"created":"2019-07-03T05:16:44"},"new":["deleted"],"old":["The prohibition laid down in paragraph 1","shall not prevent disclosure between","persons referred to in Article 2(1)(3)(a)","and (b) from Member States, or from","third countries which impose","requirements equivalent to those laid","down in this Directive, who perform their","professional activities, whether as","employees or not, within the same legal","person or a network."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"219","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-220","location":[[" Proposal for a directive","Article 38 \u2013 paragraph 4 \u2013 subparagraph 2"]],"meps":[4238],"meta":{"created":"2019-07-03T05:16:44"},"new":["deleted"],"old":["For the purposes of the first","subparagraph, a \"network\" shall mean","the larger structure to which the person","belongs and which shares common","ownership, management or compliance","control."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"220","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-221","location":[["Proposal for a directive","Article 38 \u2013 paragraph 5"]],"meps":[4238],"meta":{"created":"2019-07-03T05:16:44"},"new":["deleted"],"old":["5. 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Where the persons referred to in Article","2(1)(3)(a) and (b) seek to dissuade a client","from engaging in illegal activity, this shall","not constitute a disclosure within the","meaning of paragraph 1."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"222","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-223","location":[[" Proposal for a directive","Article 40 \u2013 paragraph 1"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:44"},"new":["Member States shall require that, where","the legislation of the third country does","not permit customer due diligence","obligations and the application of the","measures required under the first","subparagraph of paragraph 1, obliged","entities must ensure that branches,","subsidiaries and majority-owned","companies in this third country do not","establish or continue business","relationships and do not undertake","transactions. Insofar as a business","relationship already exists, the obliged","entity must ensure that such relationship","is terminated by cancelling the business","contract or any other effective measure."],"old":["Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly","to enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"223","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-224","location":[[" Proposal for a directive","Article 41 \u2013 paragraph 2 a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:44"},"new":["2a. Data regarding the number of","crossborder requests for information that","were made by the FIU, received by the","FIU, declined by the FIU and responded","to in part or in full by the FIU."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"224","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-225","location":[["Proposal for a directive","Article 41 \u2013 paragraph 2 \u2013 point b"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:44"},"new":["(b) data measuring the reporting,","investigation and judicial phases of the","national anti-money laundering and","terrorist financing regime, including the","number of suspicious transaction reports","made to the FIU, the follow-up given to","these reports and, on an annual basis, the","number of cases investigated, the number","of persons prosecuted, the number of","persons convicted for money laundering or","terrorist financing offences and the value in","euro of property that has been frozen,","seized or confiscated. 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In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"230","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-231","location":[["Proposal for a directive","Article 44 \u2013 paragraph 3"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:44"},"new":["3. 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In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"231","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sophie Auconie","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-232","justification":" Whereas professional sport is particularly vulnerable to money laundering, frequently\n associated with tax fraud and match-fixing, the revised FAFT Recommendations as well as\n the Commission\u2019s proposal for an AMLD4 fail to address this issue. In order to remedy this\n shortcoming, the professional sport sector should be subject to the AMLD4 on the same\n grounds as the other non-financial professions.","location":[[" Proposal for a directive","Article 44 \u2013 paragraph 3"]],"meps":[96862],"meta":{"created":"2019-07-03T05:16:45"},"new":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d), (e) and","(g), Member States shall ensure that","competent authorities take the necessary","measures to prevent criminals or their","associates from holding or being the","beneficial owner of a significant or","controlling interest, or holding a","management function in those obliged","entities."],"old":["3. In respect of the obliged entities referred","to in Article 2(1)(3) (a), (b), (d) and (e),","Member States shall ensure that competent","authorities take the necessary measures to","prevent criminals or their associates from","holding or being the beneficial owner of a","significant or controlling interest, or","holding a management function in those","obliged entities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"232","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-233","location":[["Proposal for a directive","Article 45 \u2013 paragraph 3"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:45"},"new":["3. 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It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"235","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-236","location":[[" Proposal for a directive","Article 49 \u2013 paragraph 1"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:45"},"new":["Member States shall ensure that their FIUs","co-operate with each other and with FIUs","from non-Member States, to the greatest","extent possible irrespective of whether they","are administrative, law enforcement or","judicial or hybrid authorities."],"old":["Member States shall ensure that their FIUs","co-operate with each other to the greatest","extent possible irrespective of whether they","are administrative, law enforcement or","judicial or hybrid authorities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"236","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-237","location":[[" Proposal for a directive","Article 54 \u2013 paragraph 1 \u2013 point a (new)"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:45"},"new":["(a) The Commission shall ensure that any","trade agreement with third countries","includes the appropriate means to fight","financial crimes and illicit capital flows","from and to those countries. 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This Article shall at least apply to","situations where obliged entities","demonstrate systematic failings in relation","to the requirements of the following","Articles:"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"240","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rui Tavares, Sven Giegold","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-241","location":[[" Proposal for a directive","Article 56 \u2013 paragraph 1 \u2013 point a a (new)"]],"meps":[96821,96730],"meta":{"created":"2019-07-03T05:16:45"},"new":["(aa) 29 (information on beneficial","ownership)"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"241","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-242","location":[["Proposal for a directive","Article 56 \u2013 paragraph 2 \u2013 point d"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:45"},"new":["(d) a temporary or permanent ban against","any member of the obliged entity's","management body, who is held","responsible, to exercise functions in","institutions;"],"old":["(d) a temporary ban against any member of","the obliged entity's management body, who","is held responsible, to exercise functions in","institutions;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"242","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-243","location":[["Proposal for a directive","Article 56 \u2013 paragraph 2 \u2013 point 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twice the amount of the profits gained","or losses avoided because of the breach","where those can be determined."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"245","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-246","location":[[" Proposal for a directive","Article 56 \u2013 paragraph 2 \u2013 point g a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["(ga) request the freezing or sequestration","of assets;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"246","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Ivo Strej\u010dek","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-247","location":[[" Proposal for a directive","Article 56 \u2013 paragraph 2 \u2013 subparagraph 1"]],"meps":[28320],"meta":{"created":"2019-07-03T05:16:46"},"new":["For the purpose of point (e), where the","legal person is an EU-based subsidiary of","a parent undertaking, the relevant total","annual turnover shall be the total annual","turnover resulting from the account of the","subsidiary in the preceding business year."],"old":["For the purpose of point (e), where the","legal person is a subsidiary of a parent","undertaking, the relevant total annual","turnover shall be the total annual turnover","","","resulting from the consolidated account of","the ultimate parent undertaking in the","preceding business year."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"247","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene 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Where publication would cause a","disproportionate damage to the parties","involved, competent authorities shall","publish the sanctions on an anonymous","basis."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"248","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-249","location":[["Proposal for a directive","Article 57 \u2013 paragraph 2 \u2013 point b a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["(ba) where applicable, the extent to which","an employee has been encouraged or","pressured to act in a certain way by the","internal rules, instructions or practices of","the relevant institution;"],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"249","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-250","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 3"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:46"},"new":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 1 year of the date of","entry into force of this Directive."],"old":["3. EBA, EIOPA, and ESMA shall issue","guidelines addressed to competent","authorities in accordance with Article 16 of","Regulation (EU) No 1093/2010, of","Regulation (EU) No 1094/2010 and of","Regulation (EU) No 1095/2010 on types of","administrative measures and sanctions and","level of administrative pecuniary sanctions","applicable to obliged entities referred to in","Article 2(1)(1) and (2). These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"250","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-251","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 3"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["3. 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These guidelines","shall be issued within 2 years of the date of","entry into force of this Directive."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"251","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-252","location":[["Proposal for a directive","Article 58 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:46"},"new":["Article 58a","Delegated Powers","1. The power to adopt delegated acts is","conferred on the Commission subject to","the conditions laid down in this Article.","2. The power to adopt delegated acts","referred to in Article 5a(1) shall be","conferred on the Commission for an","indeterminate period of time from the date","referred to in Article 62.","3. The delegation of power referred to in","Article 5a(1) may be revoked at any time","by the European Parliament or by the","Council. A decision to revoke shall put an","end to the delegation of the power","specified in that decision. It shall take","effect the day following the publication of","that decision in the Official Journal of the","European Union or at a later date","specified therein. It shall not affect the","validity of any delegated acts already in","force.","4. As soon as it adopts a delegated act, the","Commission shall notify it simultaneously","to the European Parliament and to the","Council.","5. 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That period shall be extended","by two months at the initiative of the","European Parliament or the Council."],"old":[""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"252","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-253","location":[[" Proposal for a directive","Article 58 \u2013 paragraph 1"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["1. Member States shall ensure that","competent authorities establish effective","mechanisms to encourage reporting of","breaches of the national provisions","implementing this Directive to competent","authorities. Such procedures shall ensure","that the following principles are complied","with:"],"old":["1. Member States shall ensure that","competent authorities establish effective","mechanisms to encourage reporting of","breaches of the national provisions","implementing this Directive to competent","authorities."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"253","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-254","location":[[" Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["(b) appropriate protection, including full","anonymity, for persons who report","potential or actual breaches, in particular","and without prejudice to national","provisions regulating judicial","proceedings, the confidentiality of the","identity of those persons during all stages","of the procedure;"],"old":["(b) appropriate protection for employees of","institutions who report breaches","","committed within the institution;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"254","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-255","location":[["Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["(ba) appropriate protection for the","accused person;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"255","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-256","location":[["Proposal for a directive","Article 58 \u2013 paragraph 2 \u2013 point b b (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:16:46"},"new":["(bb) appropriate protection from adverse","treatment at work for, and provision of","legal assistance to, both the person who","reports and the accused person;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"256","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-257","location":[["Proposal for a directive","Article 59 \u2013 paragraph 1"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:46"},"new":["Within three years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive in the","individual Member States and submit it to","the European Parliament and the Council.","The report shall also contain information","about the assessment of the risk of money","laundering and financing of terrorism,","the measures taken by the Member States","to reduce the risk, their actual","implementation and their effectiveness.","For the purposes of subparagraph 1,","Member States shall inform the","Commission annually what steps they","have taken to identify, assess, understand","and mitigate the money laundering and","terrorist financing risks affecting them.","Member States shall make available to the","Commission all relevant domestic legal","and administrative provisions and","information about money laundering","methods, the effectiveness of the measures","taken and investigations into cases of","money laundering and terrorist financing."],"old":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"257","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" J\u00fcrgen Klute","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-258","location":[[" Proposal for a directive","Article 59 \u2013 paragraph 1"]],"meps":[96769],"meta":{"created":"2019-07-03T05:16:46"},"new":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council.","The report shall include an assessment on","the effects of trade agreements between","EU and third countries regarding the","fight against financial crimes and","recommendations for current and future","trade agreements to effectively prevent","financial crimes between"],"old":["Within four years after the date of entry","into force of this Directive, the","Commission shall draw up a report on the","implementation of this Directive and","submit it to the European Parliament and","the Council.",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"258","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-259","location":[["Proposal for a directive","Article 59 \u2013 paragraph 1 a (new)"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:46"},"new":["The Commission shall submit to the","European Parliament and the Council","within one year of the entry into force of","this Directive a report on the provisions","concerning serious tax offences and","punishments in the Member States, on the","crossborder significance of tax offences","and on the possible need for a coordinated","approach in the EU, accompanied if","appropriate by a legislative proposal."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"259","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-260","location":[["Proposal for a directive","Annex 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point a"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:47"},"new":["(a) EU Member States;"],"old":["(a) other EU Member States;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"260","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-261","location":[[" Proposal for a directive","Annex 3 a (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:47"},"new":["New Annex [IV]","The following are examples of the types of","countermeasures that Member States can,","at least, impose in accordance with","[article x para 2]","Requiring obliged entities covered by this","directive to apply appropriate EDD","Introducing enhanced relevant reporting","mechanisms or systematic reporting of","transactions","Refusing the establishment on the","territory of a Member State of subsidiaries","or branches or representative offices of","institutions from the country concerned,","or otherwise taking into account the fact","that the relevant financial institution is","from a country that does not have","adequate anti-money","laundering/combating terrorist financing","systems","Prohibiting financial institutions from","establishing branches or representative","offices in the country concerned, or","otherwise taking into account the fact that","the relevant financial institution is from a","country that does not have adequate anti-","money laundering/combating terrorist","financing systems","Limiting business relationships or","financial transactions with the identified","country or institutions or persons located","in that country","Prohibiting institutions and persons","covered by this directive from relying on","third parties located in the country","concerned to conduct elements of the","CDD process","Requiring institutions covered by this","Directive to review and amend, or if","necessary terminate, correspondent","relationships with financial institutions in","the country concerned","Requiring increased supervisory","examination and/or external audit","requirements for branches and","subsidiaries of institutions based in the","country concerned","Requiring increased external audit","requirements for financial groups with","respect to any of their branches and","subsidiaries located in the country","concerned"],"old":["",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"261","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Sven Giegold, Rui Tavares","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-262","location":[["Proposal for a directive","Annex 3 b (new)"]],"meps":[96730,96821],"meta":{"created":"2019-07-03T05:16:47"},"new":["New Annex [V] :","The following are type of enhanced due","diligence measures that Member States","should at least apply for the application of","[article x para 3]","Obtaining additional information on the","customer (e.g. occupation, volume of","assets, information available through","public databases, internet, etc.), and","updating more regularly the identification","data of customer and beneficial owner.","Obtaining additional information on the","intended nature of the business","relationship.","Obtaining information on the source of","funds or source of wealth of the customer.","Obtaining information on the reasons for","intended or performed transactions.","Obtaining the approval of senior","management to commence or continue","the business relationship.","Conducting enhanced monitoring of the","business relationship, by increasing the","number and timing of controls applied,","and selecting patterns of transactions that","need further examination.","Requiring the first payment to be carried","out through an account in the customers","name with a bank subject to similar CDD","standards."],"old":["",""],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"262","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-263","location":[[" Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point c"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:47"},"new":["(c) business relationships or transactions;"],"old":["(c) non-face-to-face business relationships","or transactions;"],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"263","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-264","location":[[" Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point c"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:47"},"new":["(c) non-face-to-face business relationships","or transactions, except when accompanied","by certain safeguards, e.g. e-verification;"],"old":["(c) non-face-to-face business relationships","or transactions;"],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"264","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Peter Simon","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-265","location":[["Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point e"]],"meps":[96836],"meta":{"created":"2019-07-03T05:16:47"},"new":["deleted"],"old":["(e) new products and new business","practices, including new delivery","mechanism, and the use of new or","developing technologies for both new and","pre-existing products."],"orig_lang":"de","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"265","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Nils Torvalds, Olle Schmidt","changes":{},"committee":["ECON"],"date":"2013-08-01T00:00:00","id":"PE516.688-266","location":[["Proposal for a directive","Annex 3 \u2013 paragraph 1 \u2013 point 2 \u2013 point e"]],"meps":[114268,4274],"meta":{"created":"2019-07-03T05:16:47"},"new":["(e) the use of new or developing","technologies or business practices,","including new delivery mechanisms, for","both new and pre-existing products, unless","accompanied by proper safeguards."],"old":["(e) new products and new business","practices, including new delivery","mechanism, and the use of new or","developing technologies for both new and","pre-existing products."],"orig_lang":"en","peid":"PE516.688v02-00","reference":"2013/0025(COD)","seq":"266","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-516.688+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-22","location":[["Proposal for a directive","Recital 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(1) Massive flows of illicit money damage","the stability and reputation of the financial","sector and threaten the single market as","well as international development, and","terrorism shakes the very foundations of","our society. Crucial facilitators of illicit","money flows are often complex corporate","structures operating in and through","secrecy jurisdiction, often also referred to","as tax havens. In addition to the criminal","law approach, a preventive effort via the","financial system can produce results."],"old":["(1) Massive flows of dirty money can","damage the stability and reputation of the","financial sector and threaten the single","market, and terrorism shakes the very","foundations of our society. In addition to","the criminal law approach, a preventive","effort via the financial system can produce","results."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Sharon Bowles, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-23","justification":" Legal professionals have a duty of care to ensure that the services they provide are not used\n for the purpose of tax evasion and aggressive tax avoidance - which can be part of an 'under\n the radar' strategy for money laundering and terrorist financing.","location":[["Proposal for a directive","Recital 7"]],"meps":[112620,33570,1394],"meta":{"created":"2019-07-03T05:49:24"},"new":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal","activity, terrorist financing, criminal","activity as defined in Article 3(4) or","aggressive tax avoidance. There should,","however, be exemptions from any","obligation to report information obtained","either before, during or after judicial","proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering, terrorist financing,","criminal activity as defined in Article 3(4)","or aggressive tax avoidance, the legal","advice is provided for money laundering,","terrorist financing purposes, criminal","activity as defined in Article 3(4) or","aggressive tax avoidance, or the lawyer","knows that the client is seeking legal","advice for money laundering, terrorist","financing purposes or criminal activity as","defined in Article 3 (4) or aggressive tax","avoidance."],"old":["(7) Legal professionals, as defined by the","Member States, should be subject to the","provisions of this Directive when","participating in financial or corporate","transactions, including providing tax","advice, where there is the greatest risk of","the services of those legal professionals","being misused for the purpose of","laundering the proceeds of criminal activity","or for the purpose of terrorist financing.","There should, however, be exemptions","from any obligation to report information","obtained either before, during or after","","judicial proceedings, or in the course of","ascertaining the legal position of a client.","Thus, legal advice should remain subject to","the obligation of professional secrecy","unless the legal counsellor is taking part in","money laundering or terrorist financing,","the legal advice is provided for money","laundering or terrorist financing purposes","or the lawyer knows that the client is","seeking legal advice for money laundering","or terrorist financing purposes."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-24","location":[[" Proposal for a directive","Recital 10"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","percentage shareholding will not","automatically result in finding the","beneficial owner, it can be an aide to the","identification of the beneficial owner.","Identification and verification of beneficial","owners should, where relevant, extend to","legal entities that own other legal entities,","and should follow the chain of ownership","until the natural person who exercises","ownership or control of the legal person","that is the customer is found."],"old":["(10) There is a need to identify any natural","person who exercises ownership or control","over a legal person. While finding a","percentage shareholding will not","automatically result in finding the","beneficial owner, it is an evidential factor","to be taken into account. Identification and","verification of beneficial owners should,","","where relevant, extend to legal entities that","own other legal entities, and should follow","the chain of ownership until the natural","person who exercises ownership or control","of the legal person that is the customer is","found."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Sharon Bowles, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-25","justification":"Wording should be strengthened to improve international and European cooperation for\ninformation of company's beneficial ownership - particularly in the light of recent European\nCouncil and G8 commitments. Investors have the right to know who the beneficial owner of\nlisted companies are as well.","location":[["Proposal for a directive","Recital 11"]],"meps":[112620,33570,1394],"meta":{"created":"2019-07-03T05:49:24"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership,","maintain central registers, and make this","information available to competent","authorities, obliged entities, and, in the","case of listed obliged entities, to the","public. In addition, trustees should declare","their status to obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-26","location":[[" Proposal for a directive","Recital 11"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(11) The need for accurate and up-to-date","information on the beneficial owner of","legal persons, mutual societies, trusts,","foundations, holdings and all other","similar existing or future legal","arrangements is a key factor in tracing","criminals who might otherwise hide their","identity behind a corporate structure.","Member States should therefore ensure that","companies retain information on their","beneficial ownership and ensure that this","information is made publicly available in","form of a public registry. In addition,","trustees should declare their status to","obliged entities."],"old":["(11) The need for accurate and up-to-date","information on the beneficial owner is a","key factor in tracing criminals who might","otherwise hide their identity behind a","corporate structure. Member States should","therefore ensure that companies retain","information on their beneficial ownership","and make this information available to","competent authorities and obliged entities.","In addition, trustees should declare their","status to obliged entities."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-27","location":[[" Proposal for a directive","Recital 15"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(15) Underpinning the risk-based approach","is a need for the Member States and the","European Union to identify, understand","and mitigate the money laundering and","terrorist financing risks it faces. The","importance of a supra-national approach to","risk identification has been recognised at","international level, and the European","Supervisory Authority (European Banking","Authority) (hereinafter \u2018EBA\u2019), established","by Regulation (EU) No 1093/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Banking Authority), amending Decision","No 716/2009/EC and repealing","Commission Decision 2009/78/EC ; the","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority) (hereinafter \u2018EIOPA\u2019),","established by Regulation (EU) No","1094/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","Authority (European Insurance and","Occupational Pensions Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/79/EC ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC , should be tasked with issuing","an opinion on the risks affecting the","financial sector."],"old":["(15) Underpinning the risk-based approach","is a need for Member States to identify,","understand and mitigate the money","laundering and terrorist financing risks it","faces. The importance of a supra-national","approach to risk identification has been","recognised at international level, and the","European Supervisory Authority (European","Banking Authority) (hereinafter \u2018EBA\u2019),","established by Regulation (EU) No","1093/2010 of the European Parliament and","of the Council of 24 November 2010","establishing a European Supervisory","","Authority (European Banking Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/78/EC ; the European Supervisory","Authority (European Insurance and","Occupational Pensions Authority)","(hereinafter \u2018EIOPA\u2019), established by","Regulation (EU) No 1094/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Insurance and Occupational Pensions","Authority), amending Decision No","716/2009/EC and repealing Commission","Decision 2009/79/EC ; and the European","Supervisory Authority (European","Securities and Markets Authority)","(hereinafter \u2018ESMA\u2019), established by","Regulation (EU) No 1095/2010 of the","European Parliament and of the Council of","24 November 2010 establishing a","European Supervisory Authority (European","Securities and Markets Authority),","amending Decision No 716/2009/EC and","repealing Commission Decision","2009/77/EC , should be tasked with issuing","an opinion on the risks affecting the","financial sector."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-28","location":[["Proposal for a directive","Recital 17"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(17) In order to better understand and","mitigate risks at European Union level, the","Commission should share the results of","their risk assessments with EBA, EIOPA","and ESMA, where appropriate."],"old":["(17) In order to better understand and","mitigate risks at European Union level,","Member States should share the results of","their risk assessments with each other, the","Commission and EBA, EIOPA and","","ESMA, where appropriate."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-29","location":[[" Proposal for a directive","Recital 21"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(21) This is particularly true of business or","beneficial relationships, with individuals","holding positions within mutual societies,","foundations and trusts or having held,","important public positions, particularly","those from countries where corruption is","widespread, within the Union and","internationally. Such relationships may","expose the financial sector in particular to","significant reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"old":["(21) This is particularly true of business","relationships with individuals holding, or","having held, important public positions,","particularly those from countries where","corruption is widespread. Such","relationships may expose the financial","sector in particular to significant","reputational and legal risks. The","international effort to combat corruption","also justifies the need to pay special","attention to such cases and to apply","appropriate enhanced customer due","diligence measures in respect of persons","who hold or have held prominent functions","domestically or abroad and senior figures","in international organisations."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-30","location":[[" Proposal for a directive","Recital 29"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(29) There have been a number of cases of","whistle-blowers, employees and","representatives who report their suspicions","of money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect whistle-","blowers, employees and representatives","from such threats or hostile action."],"old":["(29) There have been a number of cases of","","employees who report their suspicions of","money laundering being subjected to","threats or hostile action. Although this","Directive cannot interfere with Member","States' judicial procedures, this is a crucial","issue for the effectiveness of the anti-","money laundering and anti-terrorist","financing system. Member States should be","aware of this problem and should do","whatever they can to protect employees","from such threats or hostile action."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-31","location":[["Proposal for a directive","Recital 31"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. The","processing of personal data should be","permitted in order to comply with the","obligations laid down in this Directive,","including carrying out of customer due","diligence, on-going monitoring,","investigation and reporting of unusual and","suspicious transactions, identification of","the beneficial owner of a legal person or","legal arrangement, sharing of information","by competent authorities and sharing of","information by financial institutions. The","personal data collected should be limited to","what is necessary for the purpose of","complying with the requirements of this","Directive and not further processed in a","way inconsistent with Directive 95/46/EC.","In particular, further processing of personal","data for commercial purposes should be","strictly prohibited."],"old":["(31) Certain aspects of the implementation","of this Directive involve the collection,","analysis, storage and sharing of data. The","processing of personal data should be","permitted in order to comply with the","obligations laid down in this Directive,","including carrying out of customer due","diligence, on-going monitoring,","investigation and reporting of unusual and","suspicious transactions, identification of","the beneficial owner of a legal person or","legal arrangement, sharing of information","by competent authorities and sharing of","information by financial institutions. The","personal data collected should be limited to","what is strictly necessary for the purpose of","complying with the requirements of this","Directive and not further processed in a","way inconsistent with Directive 95/46/EC.","In particular, further processing of personal","data for commercial purposes should be","","strictly prohibited."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-32","location":[[" Proposal for a directive","Recital 37"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews.","Particularly the Commission should keep","track of the use and involvement of 200","and 500 EUR notes in money laundering","and terrorist financing. The Commission","should assess the relevance of these notes","for on the one hand money supply of the","real economy and for on the other hand","illicit activities and if 200 and 500 EUR","notes facilitate money laundering and","terrorist financing. The assessment has to","be carried out within 2 years from the","date of entry into force of this directive."],"old":["(37) Feedback should, where practicable,","be made available to obliged entities on the","usefulness and follow-up of the suspicious","transactions reports they present. To make","this possible, and to be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the statistical","data collected at Union level, the","Commission should keep track of the EU-","wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-33","location":[["Proposal for a directive","Recital 37 a (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:24"},"new":["(37a) To be able to review the","effectiveness of their systems to combat","money laundering and terrorist financing,","Member States should keep and improve","the relevant statistics. To further enhance","the quality and consistency of the","statistical data collected at Union level,","the Commission should keep track of the","EU-wide situation with respect to the fight","against money laundering and terrorist","financing and publish regular overviews."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alexandra Thein","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-34","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point b \u2013 point i"]],"meps":[96874],"meta":{"created":"2019-07-03T05:49:24"},"new":["deleted"],"old":["(i) buying and selling of real property or","business entities;"],"orig_lang":"de","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alexandra Thein","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-35","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point d"]],"meps":[96874],"meta":{"created":"2019-07-03T05:49:25"},"new":["deleted"],"old":["(d) real estate agents, including letting","agents;"],"orig_lang":"de","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alexandra Thein","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-36","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point e"]],"meps":[96874],"meta":{"created":"2019-07-03T05:49:25"},"new":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 15 000 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"old":["(e) other natural or legal persons trading in","goods, only to the extent that payments are","made or received in cash in an amount of","EUR 7 500 or more, whether the","transaction is executed in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"de","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-37","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(f) casinos;"],"old":["(f) providers of gambling services."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-38","location":[[" Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f a (new)"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(fa) on-line gambling;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-39","location":[["Proposal for a directive","Article 2 \u2013 paragraph 1 \u2013 point 3 \u2013 point f b (new)"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(fb) other providers of gambling services","which carry a high risk of being used for","money laundering;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-40","justification":"It is important to define tax crimes separately due to the gravity of the offences related to it.","location":[["Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point e a (new)"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(ea) tax crimes related to direct taxes and","indirect taxes;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-41","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 4 \u2013 point f"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(f) all offences, which are punishable by","deprivation of liberty or a detention order","for a maximum of more than one year or,","as regards those States which have a","minimum threshold for offences in their","legal system, all offences punishable by","deprivation of liberty or a detention order","for a minimum of more than six months;"],"old":["(f) all offences, including tax crimes","related to direct taxes and indirect taxes,","which are punishable by deprivation of","liberty or a detention order for a maximum","of more than one year or, as regards those","States which have a minimum threshold for","offences in their legal system, all offences","punishable by deprivation of liberty or a","detention order for a minimum of more","than six months;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-42","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 7 \u2013 point d \u2013 point ii"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(ii) members of parliaments or other","legislative bodies;"],"old":["(ii) members of parliaments;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Giuseppe Gargani","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-43","justification":"In order to mitigate the risks of mafia infiltration and money laundering and to ensure that\ngambling service providers have a level playing field, the directive should apply to all types of\ngames, including games of chance that are marketed through social networks. The risks\nassociated with the gambling industry mean that all games should be subject to the same\ncontrol measures, so that there are no \u2018grey areas\u2019. Equally, it should be specified that bingo\nis included among \u2018gambling services\u2019.","location":[[" Proposal for a directive","Article 3 \u2013 paragraph 1 \u2013 point 10"]],"meps":[4562],"meta":{"created":"2019-07-03T05:49:25"},"new":["(10) \u201cgambling services\u201d means any","service which involves wagering a stake","with monetary value, or which can be","converted into money, in games of chance","including those with an element of skill","such as lotteries, bingo, casino games,","poker games and betting transactions that","are provided at a physical location, or by","any means at a distance, by electronic","means or any other technology for","facilitating communication, and at the","individual request of a recipient of","services;"],"old":["(10) \"gambling services\" means any","service which involves wagering a stake","with monetary value in games of chance","including those with an element of skill","such as lotteries, casino games, poker","","games and betting transactions that are","provided at a physical location, or by any","means at a distance, by electronic means or","any other technology for facilitating","communication, and at the individual","request of a recipient of services;"],"orig_lang":"it","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-44","location":[["Proposal for a directive","Article 5 \u2013 paragraphs 1 a and 1 b (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:25"},"new":["Equivalence","1a. The Commission shall by means of","delegated acts in accordance with Article","58a adopt decisions on the recognition of","the legal and supervisory framework of","jurisdictions outside the Union as","compliant with minimum standards of","good governance in tax matters as defined","by Commission Recommendation C(2012)","8805 and equivalent to the minimum","requirements of this Directive.","1b. As of January 2018, corporate or legal","entities, including trusts, foundations,","holdings and all other similar, in terms of","structure or function, existing or future","legal arrangements, established, or","governed under the law of, jurisdictions","outside the Union not deemed compliant","and equivalent, shall be prohibited from","operating within the Union."],"old":["",""],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-45","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:25"},"new":["After a public consultation the","Commission shall take the necessary steps","to identify, assess and understand the","money laundering and terrorist financing","risks affecting the internal market, with","specific reference to cross-border","phenomena in cooperation with Europol,","the Committee of European FIUs, EBA,","EIOPA, ESMA and other relevant","authorities."],"old":["The European Banking Authority","(hereinafter \u2018EBA\u2019), European Insurance","and Occupational Pensions Authority","(hereinafter \u2018EIOPA\u2019) and European","Securities and Markets Authority","(hereinafter \u2018ESMA\u2019) shall provide a joint","opinion on the money laundering and","terrorist financing risks affecting the","internal market."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-46","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 1 \u2013 subparagraphs 1 a, 1 b and 1 c (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:25"},"new":["The Commission shall ensure that","national AML/CFT legislations of the","Member States adopted on the basis of the","present directive are effectively consistent","with the European legal framework and","implemented.","For the application of paragraph 1, the","Commission will be assisted by a","Committee on the Prevention of Money","Laundering and Terrorism Financing","and, where applicable, by the European","Supervisory Authorities and other","European competent authorities.","Evaluations of national AML/CTF","legislations intended at paragraph 1 are","made without prejudice of those","conducted by the Financial Action Task","Force or the FATF Style Regional Bodies."],"old":[""],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-47","location":[["Proposal for a directive","Article 6 \u2013 paragraphs 1 a, 1 b, 1 c, 1 d and 1 e (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:25"},"new":["1a. The Member States shall endorse in","their national AML/TF regimes all the","lists of countries published by FATF","which are directly applicable in national","law.","1b. The Member States shall be able to","apply appropriate countermeasures when","called upon to do so by the FATF. Such","countermeasures have to be effective and","proportionate to the risks and include at","least one of the measures set out in Annex","[IV].","1c. The Member States shall require from","their financial institutions to apply","enhanced due diligence measures with","natural and legal persons, and financial","institutions from the abovementioned","countries in paragraph 1. The type of","enhanced due diligence measures applied","should be effective and proportionate to","the risks and include one of the measures","set out in Annex [V]","1d. The Member States are free to","implement the requirements stated in","paragraph 2 and 3 of this article even in","absence of any call by FATF to do so","towards third countries. In such case,","Member States concerned shall inform","the ESAs and the Commission of the","identity of that third country, and the","nature of countermeasure(s) taken.","In those cases, the actions taken by","Member States should be considered as of","public order.","1e. The Committee on the Prevention of","Money Laundering and Terrorist","Financing shall ensure a minimum level","of coordination of the actions taken by","Member States on the enhanced due","diligence measures and countermeasures","they adopt towards countries mentioned at","paragraph 1."],"old":[""],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-48","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:25"},"new":["2. The Commission shall:","- keep the assessment up to date,","- make the results of its risk assessment","publicly available to Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing, and to allow other","stakeholders including legislators to better","understand the financial risks,","- make appropriate information available","to obliged entities to carry out their own","money laundering and terrorist financing","risk assessments.","The Commission shall be assisted by the","Committee on the Prevention of Money","Laundering and Terrorist Financing,","hereinafter referred to as 'the Committee'.","The Committee shall be a committee","within the meaning of Regulation EU","182/2011.","Where high risks are identified at","European level by the Commission, the","Member States AML/CFT regimes shall","address these high risks. Without","prejudice to any other measures taken at","national level by Member States to","manage and mitigate these risks, the","Commission could prescribe to Member","States to take enhanced due diligence to","manage and mitigate risks. Member","States shall ensure that financial","institutions and Designated Non-","Financial Businesses and Professions","take into account these enhanced due","diligence measures to carry out and","manage their own money laundering and","terrorist financing risk assessments.","For the application of the above sub","paragraph, the Commission shall ensure","that Member States have effectively taken","into account its risk assessment in their","national AML/FT legislation."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing.",""],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-49","justification":" It is important to ensure transparency with regards to the risk assessment.","location":[[" Proposal for a directive","Article 6 \u2013 paragraph 2"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["2. The Commission shall make the opinion","publicly available to assist Member States","and obliged entities to identify, manage","and mitigate the risk of money laundering","and terrorist financing."],"old":["2. The Commission shall make the opinion","available to assist Member States and","obliged entities to identify, manage and","mitigate the risk of money laundering and","terrorist financing."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-50","justification":" It is important to ensure transparency with regards to the risk assessment.","location":[[" Proposal for a directive","Article 7 \u2013 paragraph 5"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["5. Member States shall make the results of","their risk assessments publicly available to","the other Member States, the Commission,","and EBA, EIOPA and ESMA upon","request."],"old":["5. Member States shall make the results of","their risk assessments available to the other","Member States, the Commission, and","EBA, EIOPA and ESMA upon request."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Giuseppe Gargani","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-51","justification":"In order to ensure the traceability of financial flows, prevent criminal infiltration and money\nlaundering of illicit origin, gambling service providers should have one or more current\naccounts dedicated exclusively to the receipts and expenditure connected to the services\nprovided. More specifically, all expenses, disbursements and financial proceeds of any kind,\nrelating to such gambling services, should pass through these accounts.","location":[[" Proposal for a directive","Article 9 a (new)"]],"meps":[4562],"meta":{"created":"2019-07-03T05:49:25"},"new":["Article 9a","Member States shall ensure that gambling","service providers use one or more current","accounts dedicated exclusively to the","activities related to the services provided."],"orig_lang":"it","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Antonio Masip Hidalgo","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-52","justification":" A distinction needs to be drawn between the various types of gambling depending on how\n likely it is that they might be used for money laundering. It would not be justified to require\n providers of gambling services to carry out checks on the payment of prizes amounting to less\n than EUR 2 000 which may be linked, since these present a low risk. It would be very difficult\n for providers to comply, and in any case it is not an attractive option for money launderers,\n firstly since they would have to pay a premium, and secondly because the need to carry out\n transactions with a large number of sellers increases the risk of being detected.","location":[["Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[28338],"meta":{"created":"2019-07-03T05:49:25"},"new":["(d) for providers of casinos, when carrying","out occasional transactions amounting to","EUR 2 000 or more, whether the","transaction is carried out in a single","operation or in several operations which","appear to be linked;","for on-line gambling when establishing","the business relationship;","for other providers of gambling services,","regarding the payment of prizes","amounting to EUR 2 000 or more."],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"es","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-53","location":[[" Proposal for a directive","Article 10 \u2013 paragraph 1 \u2013 point d"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:25"},"new":["(d) for casinos, when carrying out","occasional transactions amounting to EUR","2 000 or more, whether the transaction is","carried out in a single operation or in","several operations which appear to be","linked;","for on-line gambling when establishing","the business relationship;","for other providers of gambling services","which carry a high risk of being used for","money laundering;"],"old":["(d) for providers of gambling services,","when carrying out occasional transactions","amounting to EUR 2 000 or more, whether","the transaction is carried out in a single","operation or in several operations which","appear to be linked;"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"53","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-54","justification":"Public registry in line with EP position expressed in several resolutions (for example Kleva\nreport). And to counter one argument brought forward frequently, as the requirements\nstipulated in this paragraph are without prejudice to the customer due diligence provisions of\nthis directive, there is no risk to let the banks off the hook","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["1. Member States shall ensure that","corporate or legal entities, including","mutual societies, trusts, foundations,","holdings and all other similar, in terms of","structure or function, existing or future","legal arrangements established within","their territory, or governed under their law","obtain, hold and transmit to a public","registry pursuant to paragraph 4 of this","article, adequate, accurate and current","information on their beneficial ownership,","at the moment of establishment or any","changes thereof. The public registry shall","contain but not be limited to the following","information:","a) name and legal form of the corporate","or legal entity,","b) address","c) basic regulatory powers","d) list of directors","e) shareholder information including","names, dates of birth and addresses, the","number of shares per shareholder, and","categories of shares","The requirements stipulated in this","paragraph are without prejudice to the","customer due diligence provisions of this","directive"],"old":["1. Member States shall ensure that","corporate or legal entities established","within their territory obtain and hold","adequate, accurate and current information","","on their beneficial ownership."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"54","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-55","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["2. Regarding trusts or other types of legal","entity and arrangements with a similar","structure and function of trusts, the","information shall also include the identity","of the settlor, of the trustee(s), of the","protector (if relevant), of the beneficiaries","or class of beneficiaries, and of any other","natural person exercising effective control","over the trust. Member States shall ensure","that the information referred to in","paragraph 1 of this Article can be accessed","in a timely manner by competent","authorities and by obliged entities."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"55","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Sharon Bowles, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-56","justification":" Wording should be strengthened to improve international and European cooperation for\n\ninformation of company's beneficial ownership - particularly in the light of recent European\nCouncil and G8 commitments. Investors have the right to know who the beneficial owner of\nlisted companies are as well.","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2"]],"meps":[112620,33570,1394],"meta":{"created":"2019-07-03T05:49:26"},"new":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely and","efficient manner by Union and","international competent authorities and by","obliged entities. Member States shall seek","to constructively cooperate whenever","possible and should maintain central","registries of company beneficial","ownership. Information of beneficial","ownership of listed companies shall be","made public."],"old":["2. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"56","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-57","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 a (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["2a. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"57","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-58","location":[["Proposal for a directive","Article 29 \u2013 paragraph 2 b (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["2b. Member States shall ensure that the","information referred to paragraphs 1,2,3,","of this article is displayed in a public","beneficial ownership registry in a timely,","comprehensive and comprehensible","manner before end of 2014. Any changes","to the information required shall be","clearly indicated in the registry without","delay and at latest within 30 days."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"58","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-59","justification":" Prone to abuse, according to Investopedia a bearer share is \"an equity security that is wholly\n owned by whoever holds the physical stock certificate. The issuing firm neither registers the\n owner of the stock, nor does it track transfers of ownership. Because the share is not\n registered to any authority, transferring the ownership of the stock involves only delivering\n the physical document. Bearer shares lack the regulation and control of common shares\n because ownership is never recorded.\"","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 c (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["2c. For the purposes of this article,","Member States shall establish effective","anti-abuse measures with view to","preventing misuse based on bearer shares","and bearer share warrants."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"59","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-60","location":[[" Proposal for a directive","Article 29 \u2013 paragraph 2 d (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["2d. Sanctions for non-compliance with","this article shall be applied in accordance","with article 55 of this directive."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"60","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-61","justification":"No longer needed as obligations concerning trusts are incorporated in article 29 as amended\nby Lichtenberger","location":[["Proposal for a directive","Article 30"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["deleted"],"old":["Article 30","1. Member States shall ensure that","trustees of any express trust governed","under their law obtain and hold adequate,","accurate and current information on","beneficial ownership regarding the trust.","This information shall include the identity","of the settlor, of the trustee(s), of the","protector (if relevant), of the beneficiaries","or class of beneficiaries, and of any other","natural person exercising effective control","over the trust.","2. Member States shall ensure that","trustees disclose their status to obliged","entities when, as a trustee, the trustee","forms a business relationship or carries","out an occasional transaction above the","threshold set out in points (b), (c) and (d)","of Article 10.","3. Member States shall ensure that the","information referred to in paragraph 1 of","this Article can be accessed in a timely","manner by competent authorities and by","obliged entities.","4. Member States shall ensure that","measures corresponding to those in","paragraphs 1, 2 and 3 apply to other types","of legal entity and arrangement with a","similar structure and function to trusts."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"61","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-62","location":[[" Proposal for a directive","Article 31 \u2013 paragraph 3"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:26"},"new":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. The FIU shall be provided with","adequate financial, technical and human","resources in order to fulfil its tasks.","Member states shall ensure that the FIU","is free from undue interference."],"old":["3. The FIU shall be established as a central","national unit. It shall be responsible for","receiving (and to the extent permitted,","requesting), analysing and disseminating to","the competent authorities, disclosures of","information which concern potential","money laundering or associated predicate","offences, potential terrorist financing or are","required by national legislation or","regulation. 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EBA,","EIOPA, ESMA and the FIU shall provide","one or more secure communication","channel for persons to report suspicions","of laundering or terrorist financing. Such","channels shall ensure that the identity of","persons providing information is known","only to EBA; EIOPA, ESMA or the FIU"],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","either internally or to the FIU from being","exposed to threats or hostile action."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"64","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-65","justification":" Employees who report suspicions of money laundering activities should be adequately\n protected, be provided legal protection and should not fear that their employment might be\n terminated.","location":[["Proposal for a directive","Article 37 \u2013 paragraph 1"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:27"},"new":["Member States shall ensure that the","obliged entities prevent their own","employees who report suspicions of money","laundering or terrorist financing either","internally or to the FIU from being exposed","to threats or hostile action, including","termination of employment, and that these","should be provided with adequate legal","protection if required."],"old":["Member States shall take all appropriate","measures in order to protect employees of","the obliged entity who report suspicions of","money laundering or terrorist financing","","","either internally or to the FIU from being","exposed to threats or hostile action."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"65","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-66","location":[[" Proposal for a directive","Article 40 \u2013 paragraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["Member States shall require where the","legislation of the third country does not","permit customer due diligence obligations","and the application of the measures","required under the first subparagraph of","paragraph 1, that obliged entities must","ensure that branches, subsidiaries and","majority-owned companies in this third","country do not establish or continue","business relationships and do not","undertake transactions. Insofar as a","business relationship already exists, the","obliged entity must ensure that such","relationship is terminated by cancelling","the business contract or any other","effective measure."],"old":["Member States shall require that their","obliged entities have systems in place that","enable them to respond fully and rapidly","to enquiries from the FIU, or from other","authorities, in accordance with their","national law, as to whether they maintain","or have maintained during the previous","five years a business relationship with","specified natural or legal persons and on","the nature of that relationship."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"66","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-67","location":[["Proposal for a directive","Article 42 \u2013 paragraph 4"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["4. Member States shall require that, where","the legislation of the third country does not","permit customer due diligence obligations","and the application of the measures","required under the first subparagraph of","paragraph 1, obliged entities must ensure","that branches, subsidiaries, outsourced","activities and majority-owned companies","in this third country do not establish or","continue business relationships and do","not undertake transactions. Insofar as a","business relationship already exists, the","obliged entity must ensure that such","relationship is terminated by cancelling","the business contract or any other","effective measure."],"old":["4. Member States shall require that, where","the legislation of the third country does not","permit application of the measures required","under the first subparagraph of paragraph","1, obliged entities take additional","measures to effectively handle the risk of","money laundering or terrorist financing,","and inform their home supervisors. If the","additional measures are not sufficient,","competent authorities in the home country","shall consider additional supervisory","actions, including, as appropriate,","requesting the financial group to close","down its operations in the host country."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"67","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-68","location":[["Proposal for a directive","Article 43 \u2013 paragraph 1 a (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["1a. Member States shall require that","obliged entities appoint the member(s) of","the management body who are","responsible for the implementation of the","laws, regulations and administrative","provisions necessary to comply with this","Directive."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"68","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-69","location":[[" Proposal for a directive","Article 47 \u2013 paragraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["Without prejudice to data protection rules,","EBA, EIOPA or ESMA may request, and","the competent authorities shall provide","EBA, EIOPA and ESMA with the relevant","information necessary to carry out their","duties under this Directive."],"old":["The competent authorities shall provide","EBA, EIOPA and ESMA with all the","information necessary to carry out their","duties under this Directive."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"69","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-70","location":[[" Proposal for a directive","Article 48 \u2013 paragraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["The Commission may lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It shall","regularly convene meetings with","representatives from Member States' FIUs,","EBA, EIOPA and ESMA to facilitate co-","operation and to exchange views on co-","operation related issues."],"old":["The Commission may lend such assistance","as may be needed to facilitate coordination,","including the exchange of information","between FIUs within the Union. It may","regularly convene meetings with","representatives from Member States' FIUs","to facilitate co-operation and to exchange","views on co-operation related issues."],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"70","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger on behalf of the Verts/ALE Group","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-71","location":[["Proposal for a directive","Article 55 \u2013 paragraph 1"]],"meps":[28253],"meta":{"created":"2019-07-03T05:49:27"},"new":["1. Member States shall ensure that obliged","entities and any legal entity pursuant to","Article 29, can be held liable for breaches","of the national provisions adopted pursuant","to this Directive."],"old":["1. 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This Article shall at least apply to","situations where obliged entities","demonstrate systematic failings in relation","to the requirements of the following","Articles:"],"orig_lang":"en","peid":"PE519.758v01-00","reference":"2013/0025(COD)","seq":"73","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-519.758+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rebecca Taylor, Bill Newton Dunn","changes":{},"committee":["JURI"],"date":"2013-10-09T00:00:00","id":"PE519.758-74","justification":"Transparency is key when dealing with anti-money laundering measures, in particular with\nregards to the publication of any sanctions. It is therefore important to have a Commission\noversight with regards to the publication of sanctions on an anonymous basis.","location":[[" Proposal for a directive","Article 57 \u2013 paragraph 1"]],"meps":[112620,1394],"meta":{"created":"2019-07-03T05:49:27"},"new":["1. 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The application must include","detailed economic analysis supporting the","Member State's request.","The Commission will have 15 working","days to refuse the approval request for the","information to be published anonymously.","If the Commission has not responded","within the 15 working days, the request","will have be deemed to be accepted, and","the Member States shall then publish the","sanctions or measures imposed for breach","of the national provisions on an","anonymous basis."],"old":["1. Member States shall ensure that","competent authorities publish any sanction","or measure imposed for breach of the","national provisions adopted in the","implementation of this Directive without","undue delay including information on the","type and nature of the breach and the","identity of persons responsible for it,","unless such publication would seriously","jeopardise the stability of financial","markets. 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Capital outflow, money laundering"],"subtype":"Legislation","summary":["Repealing Directive 2005/60/EC","See also"],"title":"Prevention of the use of the financial system for the purpose of money laundering and terrorist financing","type":"COD - Ordinary legislative procedure (ex-codecision procedure)"},"path":["procedure"],"type":"added"}],"2013-02-27T01:29:38":[{"data":"CELEX:52013PC0045:EN","path":["activities",0,"docs",0,"celexid"],"type":"deleted"}],"2013-02-28T02:37:04":[{"data":"CELEX:52013PC0045:EN","path":["activities",0,"docs",0,"celexid"],"type":"added"}],"2013-03-01T02:42:27":[{"data":["
PURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nOpinion of the European Central Bank on a proposal for a directive on the prevention of the\nuse of the financial system for the purpose of money laundering and\nterrorist financing and on a proposal for a regulation on\ninformation accompanying transfers of funds.
\nThe ECB received\ntwo requests for an opinon from the Council: the first one\nconcerns the proposal for a directive of the European\nParliament and of the Council on the prevention of the use of the\nfinancial system for the purpose of money laundering and terrorist\nfinancing, the other concerns a proposal for a regulation of the European\nParliament and of the Council on information accompanying transfers\nof funds. The ECB also received requests from the\nEuropean Parliament for an opinion on the proposed Union\ninstruments.
\nThe ECB welcomes\nthe proposed Union instruments.
\nAs regards the proposed directive, the ECB notes that its legal basis is Article 114 of\nthe Treaty and that it accordingly aims to approximate relevant\nnational provisions and minimise inconsistencies between them\nacross the Union. Article 5 of the proposed directive would permit\nMember States to choose to apply stricter measures than merely\nrequiring the dealer to satisfy the customer due diligence,\nreporting and other relevant obligations under the proposed\ndirective. Any such measures should be carefully weighed against\nthe expected public benefits.
\nFurthermore, the ECB notes that according to recital\n35 of the proposed directive, it is not the Union legislators\nintention to include within the scope of the regulation persons who\nprovide credit or financial institutions solely with a\nmessage or other support systems for transmitting funds or with\nclearing and settlement systems such as the ECB operated\nTARGET2 system. Whilst supporting this approach, the ECB recommends\nproviding for this exemption in the enacting terms of the\nproposed Union instruments, rather than in the recitals.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nOpinion of the European Central Bank on a proposal for a directive on the prevention of the\nuse of the financial system for the purpose of money laundering and\nterrorist financing and on a proposal for a regulation on\ninformation accompanying transfers of funds.
\nThe ECB received\ntwo requests for an opinon from the Council: the first one\nconcerns the proposal for a directive of the European\nParliament and of the Council on the prevention of the use of the\nfinancial system for the purpose of money laundering and terrorist\nfinancing, the other concerns a proposal for a regulation of the European\nParliament and of the Council on information accompanying transfers\nof funds. The ECB also received requests from the\nEuropean Parliament for an opinion on the proposed Union\ninstruments.
\nThe ECB welcomes\nthe proposed Union instruments.
\nAs regards the proposed directive, the ECB notes that its legal basis is Article 114 of\nthe Treaty and that it accordingly aims to approximate relevant\nnational provisions and minimise inconsistencies between them\nacross the Union. Article 5 of the proposed directive would permit\nMember States to choose to apply stricter measures than merely\nrequiring the dealer to satisfy the customer due diligence,\nreporting and other relevant obligations under the proposed\ndirective. Any such measures should be carefully weighed against\nthe expected public benefits.
\nFurthermore, the ECB notes that according to recital\n35 of the proposed directive, it is not the Union legislators\nintention to include within the scope of the regulation persons who\nprovide credit or financial institutions solely with a\nmessage or other support systems for transmitting funds or with\nclearing and settlement systems such as the ECB operated\nTARGET2 system. Whilst supporting this approach, the ECB recommends\nproviding for this exemption in the enacting terms of the\nproposed Union instruments, rather than in the recitals.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nThe Committee on Economic and Monetary Affairs,\njointly with the Committee on Civil Liberties, Justice and Home\nAffairs, adopted the report by Krijānis KARIŅ\n(EPP, LV) and Judith SARGENTINI (Greens/EFA, NL) on the prevention\nof the use of the financial system for the purpose of money\nlaundering and terrorist financing.
\nThe parliamentary committee recommended that\nthe European Parliaments position adopted at first reading,\nfollowing the ordinary legislative procedure, should amend the\nCommission proposal. The main improvements suggested by the Members\nconcerned the following issues:
\nFunction of company registers: Member States\nshould ensure that companies and other entities having legal\npersonality, established or incorporated within their territory, or\ngoverned under their law obtain, hold and transmit to a public\ncentral register, commercial register or companies register\nwithin their territory adequate, accurate, current and up-to-date\ninformation on them and on their beneficial ownership, at the\nmoment of establishment as well as any changes thereof.
\nThe register shall contain the minimum\ninformation to clearly identify the company and its beneficial\nowner, namely : (i) the name, number, legal form and\nstatus of the entity, proof of incorporation, address of the\nregistered office (and of the principal place of business if\ndifferent from the registered office), (ii) the basic regulatory\npowers (such as those contained in the Memorandum and Articles of\nAssociation), (iii) the list of directors and\nshareholder/beneficial owner information, such as the names, dates\nof birth, nationality or jurisdiction of incorporation, contact\ndetails, number of shares, categories of shares and proportion of\nshareholding or control, if applicable/
\nThe registers should be interconnected and\naccessible by the authorities and the obliged entities. Member\nStates may grant access to the information to other parties and\nestablish rules based on which the register can be\naccessed.
\nMember States shall lay down the rules on\neffective, proportionate and dissuasive penalties for natural or\nlegal persons applicable to infringements of the national\nprovisions adopted pursuant to this Directive.
\nRisk assessment: Members proposed that the\nCommission should produce an assessment on the money laundering and\nterrorist financing risks affecting the internal market, with\nparticular reference to cross-border activities. In order to\nproduce such an assessment, it should consult the Member States,\nthe European Banking Authority (EBA), the European Insurance and\nOccupational Pensions Authority (EIOPA), the European Securities\nand Markets Authority (ESMA), the EDPS, Article 29 Working Party,\nEuropol and other relevant authorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nDue to the ever changing business environment,\nthe evaluation should be done periodically and at least on a\nbiannual basis.
\nTargeted and proportionate\napproach:\nMember States could\nadopt or retain in force stricter provisions in the field covered\nby this Directive to prevent money laundering and terrorist\nfinancing, provided that such provisions are in full compliance\nwith Union law, especially as regards Union data protection\nrules and the protection of fundamental rights as enshrined in the\nCharter of Fundamental Rights of the European Union. Such\nprovisions should not unduly prevent consumers from accessing\nfinancial services and shall not constitute an obstacle to the\nfunctioning of the Single Market.
\nNon-cooperative\njurisdictions: in\norder to develop a common approach and common policies against\nnon-cooperative jurisdictions with deficiencies in the field of\ncombating money laundering, Member States should periodically\nendorse and adopt the lists of countries published by the Financial\nAction Task Force (FATF).
\nThe Commission should coordinate preparatory\nwork at the European level on the identification of third countries\nwith grave strategic deficiencies in their money laundering systems\nthat pose significant risks to the financial system of the\nUnion.
\nThe European Parliament adopted by 643 votes to 30\nwith 12 abstentions, a legislative resolution on the prevention of\nthe use of the financial system for the purpose of money laundering\nand terrorist financing.
\nParliaments position adopted at first reading\nunder the ordinary legislative procedure amended the Commission\nproposal as follows:
\nScope: the directive\nwhich is grounded in a risk-based approach, will apply to credit\ninstitutions, financial institutions, auditors, lawyers, external\naccountants and tax advisors, who will be expected to be more\nvigilant regarding suspect transactions made by clients. It will\nalso apply to estate agents including letting agents, in so far as\nthey are involved in financial transactions. It will apply to\nproviders of gambling services. With the exception of casinos,\nMember States may decide to exempt in full or in part certain\ngambling services from national provisions on the basis of the low\nrisk posed by the nature of the services on the basis of risk\nassessments.
\nIncreased vigilance regarding politically exposed\npersons: the Commission proposal\ncovers both domestic politically exposed persons and foreign\npolitically exposed persons. Parliament proposed that the\nCommission, in cooperation with Member States and international\norganisations, shall draw a list of domestic politically exposed\npersons and persons who are residents of the Member States, who are\nor have been entrusted with a prominent function by an\ninternational organisation. The list shall be accessible by\ncompetent authorities and by obliged entities.
\nThe Commission shall notify the persons concerned that\nthey have been placed on or removed from the list.
\nPublic registers:\nParliament proposed that companies and other entities\nhaving legal personality established or\nincorporated within their territory, or governed under\ntheir law obtain, hold and transmit to a public central\nregister, commercial register or companies register within\ntheir territory adequate, accurate, current and\nup-to-date information on them and on their beneficial\nownership, at the moment of establishment as well as any changes\nthereof.
\nParliament sets out the list of minimum information\nthat must be kept in the register to clearly identify the company\nand its beneficial owner.
\nThe information shall be available online to all\npersons in an open and secure data format, in line with data\nprotection rules.
\nThe company registers shall be interconnected\nby means of the European platform, the portal and optional access\npoints established by Member States. The latter shall lay down the\nrules on penalties for natural or legal persons applicable to\ninfringements of the national provisions adopted pursuant to the\nDirective.
\nThe Commission shall seek cooperation with third\ncountries to encourage that equivalent central registers\ncontaining beneficial ownership information are established and\ninformation on beneficial owners is made publically accessible in\ntheir countries.
\nRisk assessment:\nMembers proposed that the Commission should produce an assessment\non the money laundering and terrorist financing risks affecting the\ninternal market, with particular reference to cross-border\nactivities. In order to produce such an assessment, it should\nconsult the Member States, the European Banking Authority (EBA),\nthe European Insurance and Occupational Pensions Authority (EIOPA),\nthe European Securities and Markets Authority (ESMA), the EDPS,\nArticle 29 Working Party, Europol and other relevant\nauthorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nThe evaluation should be done every six months and\nmore often if necessary.
\nTargeted and proportionate approach: Member States could adopt or retain in force\nstricter provisions in the field covered by this Directive to\nprevent money laundering and terrorist financing, provided that\nsuch provisions are in full compliance with Union law,\nespecially as regards Union data protection rules and the\nprotection of fundamental rights as enshrined in the Charter of\nFundamental Rights of the European Union. Such provisions should\nnot unduly prevent consumers from accessing financial services and\nshall not constitute an obstacle to the functioning of the Single\nMarket.
\nNon-cooperative jurisdictions: in order to develop a common approach and common\npolicies against non-cooperative jurisdictions with deficiencies in\nthe field of combating money laundering, Member States should\nperiodically endorse and adopt the lists of countries published by\nthe Financial Action Task Force (FATF).
\nThe Commission should coordinate preparatory work at\nthe European level on the identification of third countries with\ngrave strategic deficiencies in their money laundering systems that\npose significant risks to the financial system of the\nUnion.
\nParliament stated in the\ntext that the Commission should\nincrease the pressure that it brings to bear on the tax\nhavens to improve their cooperation and exchange of information\nin order to combat money laundering and terrorist\nfinancing.
\nThe European Parliament adopted by 643 votes to 30\nwith 12 abstentions, a legislative resolution on the prevention of\nthe use of the financial system for the purpose of money laundering\nand terrorist financing.
\nParliaments position adopted at first reading\nunder the ordinary legislative procedure amended the Commission\nproposal as follows:
\nScope: the directive\nwhich is grounded in a risk-based approach, will apply to credit\ninstitutions, financial institutions, auditors, lawyers, external\naccountants and tax advisors, who will be expected to be more\nvigilant regarding suspect transactions made by clients. It will\nalso apply to estate agents including letting agents, in so far as\nthey are involved in financial transactions. It will apply to\nproviders of gambling services. With the exception of casinos,\nMember States may decide to exempt in full or in part certain\ngambling services from national provisions on the basis of the low\nrisk posed by the nature of the services on the basis of risk\nassessments.
\nIncreased vigilance regarding politically exposed\npersons: the Commission proposal\ncovers both domestic politically exposed persons and foreign\npolitically exposed persons. Parliament proposed that the\nCommission, in cooperation with Member States and international\norganisations, shall draw a list of domestic politically exposed\npersons and persons who are residents of the Member States, who are\nor have been entrusted with a prominent function by an\ninternational organisation. The list shall be accessible by\ncompetent authorities and by obliged entities.
\nThe Commission shall notify the persons concerned that\nthey have been placed on or removed from the list.
\nPublic registers:\nParliament proposed that companies and other entities\nhaving legal personality established or\nincorporated within their territory, or governed under\ntheir law obtain, hold and transmit to a public central\nregister, commercial register or companies register within\ntheir territory adequate, accurate, current and\nup-to-date information on them and on their beneficial\nownership, at the moment of establishment as well as any changes\nthereof.
\nParliament sets out the list of minimum information\nthat must be kept in the register to clearly identify the company\nand its beneficial owner.
\nThe information shall be available online to all\npersons in an open and secure data format, in line with data\nprotection rules.
\nThe company registers shall be interconnected\nby means of the European platform, the portal and optional access\npoints established by Member States. The latter shall lay down the\nrules on penalties for natural or legal persons applicable to\ninfringements of the national provisions adopted pursuant to the\nDirective.
\nThe Commission shall seek cooperation with third\ncountries to encourage that equivalent central registers\ncontaining beneficial ownership information are established and\ninformation on beneficial owners is made publically accessible in\ntheir countries.
\nRisk assessment:\nMembers proposed that the Commission should produce an assessment\non the money laundering and terrorist financing risks affecting the\ninternal market, with particular reference to cross-border\nactivities. In order to produce such an assessment, it should\nconsult the Member States, the European Banking Authority (EBA),\nthe European Insurance and Occupational Pensions Authority (EIOPA),\nthe European Securities and Markets Authority (ESMA), the EDPS,\nArticle 29 Working Party, Europol and other relevant\nauthorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nThe evaluation should be done every six months and\nmore often if necessary.
\nTargeted and proportionate approach: Member States could adopt or retain in force\nstricter provisions in the field covered by this Directive to\nprevent money laundering and terrorist financing, provided that\nsuch provisions are in full compliance with Union law,\nespecially as regards Union data protection rules and the\nprotection of fundamental rights as enshrined in the Charter of\nFundamental Rights of the European Union. Such provisions should\nnot unduly prevent consumers from accessing financial services and\nshall not constitute an obstacle to the functioning of the Single\nMarket.
\nNon-cooperative jurisdictions: in order to develop a common approach and common\npolicies against non-cooperative jurisdictions with deficiencies in\nthe field of combating money laundering, Member States should\nperiodically endorse and adopt the lists of countries published by\nthe Financial Action Task Force (FATF).
\nThe Commission should coordinate preparatory work at\nthe European level on the identification of third countries with\ngrave strategic deficiencies in their money laundering systems that\npose significant risks to the financial system of the\nUnion.
\nParliament stated in the\ntext that the Commission should\nincrease the pressure that it brings to bear on the tax\nhavens to improve their cooperation and exchange of information\nin order to combat money laundering and terrorist\nfinancing.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nThe European Parliament adopted by 643 votes to 30\nwith 12 abstentions, a legislative resolution on the prevention of\nthe use of the financial system for the purpose of money laundering\nand terrorist financing.
\nParliaments position adopted at first reading\nunder the ordinary legislative procedure amended the Commission\nproposal as follows:
\nScope: the directive\nwhich is grounded in a risk-based approach, will apply to credit\ninstitutions, financial institutions, auditors, lawyers, external\naccountants and tax advisors, who will be expected to be more\nvigilant regarding suspect transactions made by clients. It will\nalso apply to estate agents including letting agents, in so far as\nthey are involved in financial transactions. It will apply to\nproviders of gambling services. With the exception of casinos,\nMember States may decide to exempt in full or in part certain\ngambling services from national provisions on the basis of the low\nrisk posed by the nature of the services on the basis of risk\nassessments.
\nIncreased vigilance regarding politically exposed\npersons: the Commission proposal\ncovers both domestic politically exposed persons and foreign\npolitically exposed persons. Parliament proposed that the\nCommission, in cooperation with Member States and international\norganisations, shall draw a list of domestic politically exposed\npersons and persons who are residents of the Member States, who are\nor have been entrusted with a prominent function by an\ninternational organisation. The list shall be accessible by\ncompetent authorities and by obliged entities.
\nThe Commission shall notify the persons concerned that\nthey have been placed on or removed from the list.
\nPublic registers:\nParliament proposed that companies and other entities\nhaving legal personality established or\nincorporated within their territory, or governed under\ntheir law obtain, hold and transmit to a public central\nregister, commercial register or companies register within\ntheir territory adequate, accurate, current and\nup-to-date information on them and on their beneficial\nownership, at the moment of establishment as well as any changes\nthereof.
\nParliament sets out the list of minimum information\nthat must be kept in the register to clearly identify the company\nand its beneficial owner.
\nThe information shall be available online to all\npersons in an open and secure data format, in line with data\nprotection rules.
\nThe company registers shall be interconnected\nby means of the European platform, the portal and optional access\npoints established by Member States. The latter shall lay down the\nrules on penalties for natural or legal persons applicable to\ninfringements of the national provisions adopted pursuant to the\nDirective.
\nThe Commission shall seek cooperation with third\ncountries to encourage that equivalent central registers\ncontaining beneficial ownership information are established and\ninformation on beneficial owners is made publically accessible in\ntheir countries.
\nRisk assessment:\nMembers proposed that the Commission should produce an assessment\non the money laundering and terrorist financing risks affecting the\ninternal market, with particular reference to cross-border\nactivities. In order to produce such an assessment, it should\nconsult the Member States, the European Banking Authority (EBA),\nthe European Insurance and Occupational Pensions Authority (EIOPA),\nthe European Securities and Markets Authority (ESMA), the EDPS,\nArticle 29 Working Party, Europol and other relevant\nauthorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nThe evaluation should be done every six months and\nmore often if necessary.
\nTargeted and proportionate approach: Member States could adopt or retain in force\nstricter provisions in the field covered by this Directive to\nprevent money laundering and terrorist financing, provided that\nsuch provisions are in full compliance with Union law,\nespecially as regards Union data protection rules and the\nprotection of fundamental rights as enshrined in the Charter of\nFundamental Rights of the European Union. Such provisions should\nnot unduly prevent consumers from accessing financial services and\nshall not constitute an obstacle to the functioning of the Single\nMarket.
\nNon-cooperative jurisdictions: in order to develop a common approach and common\npolicies against non-cooperative jurisdictions with deficiencies in\nthe field of combating money laundering, Member States should\nperiodically endorse and adopt the lists of countries published by\nthe Financial Action Task Force (FATF).
\nThe Commission should coordinate preparatory work at\nthe European level on the identification of third countries with\ngrave strategic deficiencies in their money laundering systems that\npose significant risks to the financial system of the\nUnion.
\nParliament stated in the\ntext that the Commission should\nincrease the pressure that it brings to bear on the tax\nhavens to improve their cooperation and exchange of information\nin order to combat money laundering and terrorist\nfinancing.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nThe Council's position at first reading reflects the\ncompromise reached in negotiations between the Council and the\nEuropean Parliament, with the support of the Commission.
\nThe purpose of the Anti-Money\nLaundering Regulation (AMLR), which was adopted at the same\ntime as the Anti-Money Laundering Directive, is to update and\nrevise the existing 3rd AMLR with the aim of further strengthening\nthe EUs defences against money laundering and terrorist\nfinancing and of ensuring the soundness, integrity and stability of\nthe financial system.
\nThe amendments of the Council aim to strengthen the\nEUs defences against money laundering and terrorist financing\nwhile ensuring consistency with the approach followed at\ninternational level, notably the FATF recommendations. On some\nissues, the new EU rules expand on the FATF's requirements and\nprovide additional safeguards.
\nThe amendments introduced by the Council and accepted\nby the Parliament concern the\nfollowing issues:
\nGambling: for gambling\nservices posing higher risks, the Directive requires service\nproviders to conduct due diligence for transactions of 2000\nor more. With the exception of casinos, Member States will be\nallowed to exempt gambling services from some or all requirements,\nin strictly limited and justified circumstances. Such exemptions\nwill be subject to an appropriate risk assessment.
\nFurthermore, in certain proven low-risk circumstances\nand under strict mitigating conditions, Member States are allowed\nto exempt electronic money products from certain customer due\ndiligence measures.
\nRisk assessment: the\nDirective applies a risk-based approach to better target risks. The\nCommission has been entrusted with the responsibility of\ncoordinating the assessment of money laundering and terrorist\nfinancing risks affecting the internal market and relating to\ncross-border activities.
\nTreatment of politically exposed\npersons: the Councils position\ndoes not distinguish between persons who hold or have held\nprominent functions domestically and those who hold or have held\nsuch functions abroad.
\nBeneficial ownership information on corporate and\nother legal entities: this\ninformation will have to be held in a central register in each\nMember State. Member States that so wish may use a public\nregister.
\nBeneficial ownership information will be accessible to\ncompetent authorities and financial intelligence units and,\nin the framework of the conduct of customer due diligence, to\nobliged entities.
\nThe Directive also enables persons or organisations\nthat can demonstrate a legitimate interest to access at least\nthe following information on the beneficial owner: its name, month\nand year of birth, nationality and country of residence, as well as\nthe nature and extent of the beneficial interest held.
\nAs for trusts, central registration of\nbeneficial ownership information will be used when the trust\ngenerates tax consequences.
\nSanctions: the text\nprovides for maximum administrative pecuniary sanctions of at least\ntwice the amount of the benefit derived from the breach, where that\nbenefit can be determined, or at least 1 million. For\nbreaches involving credit or financial institutions, it provides\nfor:
\nDelegated acts: the\nCommission will identify, by means of delegated acts, third country\njurisdictions which have strategic deficiencies in their national\nregimes in the field of anti-money laundering and countering the\nfinancing of terrorism.
\nThe Committee on Economic and Monetary Affairs\nCommittee on Civil Liberties, Justice and Home Affairs jointly\nadopted the recommendation for second reading contained in the\nreport by Krijānis KARIŅ (EPP, LV) and Judith\nSARGENTINI (Greens/EFA, NL), on the Council position at first\nreading with a view to the adoption of a directive of the European\nParliament and of the Council on the prevention of the use of the\nfinancial system for the purposes of money laundering or terrorist\nfinancing, amending Regulation (EU) No 648/2012 of the European\nParliament and of the Council, and repealing Directive 2005/60/EC\nof the European Parliament and of the Council and Commission\nDirective 2006/70/EC.
\nThe committees recommended that the European\nParliament approve the Council position at first reading without\namendment.
\nThe Council's position at first reading reflects the\ncompromise reached in negotiations between the Council and the\nEuropean Parliament, with the support of the Commission.
\nThe purpose of the Anti-Money\nLaundering Regulation (AMLR), which was adopted at the same\ntime as the Anti-Money Laundering Directive, is to update and\nrevise the existing 3rd AMLR with the aim of further strengthening\nthe EUs defences against money laundering and terrorist\nfinancing and of ensuring the soundness, integrity and stability of\nthe financial system.
\nThe amendments of the Council aim to strengthen the\nEUs defences against money laundering and terrorist financing\nwhile ensuring consistency with the approach followed at\ninternational level, notably the FATF recommendations. On some\nissues, the new EU rules expand on the FATF's requirements and\nprovide additional safeguards.
\nThe amendments introduced by the Council and accepted\nby the Parliament concern the\nfollowing issues:
\nGambling: for gambling\nservices posing higher risks, the Directive requires service\nproviders to conduct due diligence for transactions of 2000\nor more. With the exception of casinos, Member States will be\nallowed to exempt gambling services from some or all requirements,\nin strictly limited and justified circumstances. Such exemptions\nwill be subject to an appropriate risk assessment.
\nFurthermore, in certain proven low-risk circumstances\nand under strict mitigating conditions, Member States are allowed\nto exempt electronic money products from certain customer due\ndiligence measures.
\nRisk assessment: the\nDirective applies a risk-based approach to better target risks. The\nCommission has been entrusted with the responsibility of\ncoordinating the assessment of money laundering and terrorist\nfinancing risks affecting the internal market and relating to\ncross-border activities.
\nTreatment of politically exposed\npersons: the Councils position\ndoes not distinguish between persons who hold or have held\nprominent functions domestically and those who hold or have held\nsuch functions abroad.
\nBeneficial ownership information on corporate and\nother legal entities: this\ninformation will have to be held in a central register in each\nMember State. Member States that so wish may use a public\nregister.
\nBeneficial ownership information will be accessible to\ncompetent authorities and financial intelligence units and,\nin the framework of the conduct of customer due diligence, to\nobliged entities.
\nThe Directive also enables persons or organisations\nthat can demonstrate a legitimate interest to access at least\nthe following information on the beneficial owner: its name, month\nand year of birth, nationality and country of residence, as well as\nthe nature and extent of the beneficial interest held.
\nAs for trusts, central registration of\nbeneficial ownership information will be used when the trust\ngenerates tax consequences.
\nSanctions: the text\nprovides for maximum administrative pecuniary sanctions of at least\ntwice the amount of the benefit derived from the breach, where that\nbenefit can be determined, or at least 1 million. For\nbreaches involving credit or financial institutions, it provides\nfor:
\nDelegated acts: the\nCommission will identify, by means of delegated acts, third country\njurisdictions which have strategic deficiencies in their national\nregimes in the field of anti-money laundering and countering the\nfinancing of terrorism.
\nThe Council's position at first reading reflects the\ncompromise reached in negotiations between the Council and the\nEuropean Parliament, with the support of the Commission.
\nThe purpose of the Anti-Money\nLaundering Regulation (AMLR), which was adopted at the same\ntime as the Anti-Money Laundering Directive, is to update and\nrevise the existing 3rd AMLR with the aim of further strengthening\nthe EUs defences against money laundering and terrorist\nfinancing and of ensuring the soundness, integrity and stability of\nthe financial system.
\nThe amendments of the Council aim to strengthen the\nEUs defences against money laundering and terrorist financing\nwhile ensuring consistency with the approach followed at\ninternational level, notably the FATF recommendations. On some\nissues, the new EU rules expand on the FATF's requirements and\nprovide additional safeguards.
\nThe amendments introduced by the Council and accepted\nby the Parliament concern the\nfollowing issues:
\nGambling: for gambling\nservices posing higher risks, the Directive requires service\nproviders to conduct due diligence for transactions of 2000\nor more. With the exception of casinos, Member States will be\nallowed to exempt gambling services from some or all requirements,\nin strictly limited and justified circumstances. Such exemptions\nwill be subject to an appropriate risk assessment.
\nFurthermore, in certain proven low-risk circumstances\nand under strict mitigating conditions, Member States are allowed\nto exempt electronic money products from certain customer due\ndiligence measures.
\nRisk assessment: the\nDirective applies a risk-based approach to better target risks. The\nCommission has been entrusted with the responsibility of\ncoordinating the assessment of money laundering and terrorist\nfinancing risks affecting the internal market and relating to\ncross-border activities.
\nTreatment of politically exposed\npersons: the Councils position\ndoes not distinguish between persons who hold or have held\nprominent functions domestically and those who hold or have held\nsuch functions abroad.
\nBeneficial ownership information on corporate and\nother legal entities: this\ninformation will have to be held in a central register in each\nMember State. Member States that so wish may use a public\nregister.
\nBeneficial ownership information will be accessible to\ncompetent authorities and financial intelligence units and,\nin the framework of the conduct of customer due diligence, to\nobliged entities.
\nThe Directive also enables persons or organisations\nthat can demonstrate a legitimate interest to access at least\nthe following information on the beneficial owner: its name, month\nand year of birth, nationality and country of residence, as well as\nthe nature and extent of the beneficial interest held.
\nAs for trusts, central registration of\nbeneficial ownership information will be used when the trust\ngenerates tax consequences.
\nSanctions: the text\nprovides for maximum administrative pecuniary sanctions of at least\ntwice the amount of the benefit derived from the breach, where that\nbenefit can be determined, or at least 1 million. For\nbreaches involving credit or financial institutions, it provides\nfor:
\nDelegated acts: the\nCommission will identify, by means of delegated acts, third country\njurisdictions which have strategic deficiencies in their national\nregimes in the field of anti-money laundering and countering the\nfinancing of terrorism.
\nThe European Parliament adopted a legislative\nresolution on the Council position at first reading with a view to\nthe adoption of a directive of the European Parliament and of the\nCouncil on the prevention of the use of the financial system for\nthe purposes of money laundering or terrorist financing, amending\nRegulation (EU) No 648/2012 of the European Parliament and of the\nCouncil, and repealing Directive 2005/60/EC of the European\nParliament and of the Council and Commission Directive\n2006/70/EC.
\nParliament approved the Council position at first\nreading without amendment.
\nThe proposed directive aims to update and improve the\nEUs existing 3rd Anti-Money Laundering Directive in order to\nfurther strengthen the EUs defences against money laundering\nand terrorist financing and of ensuring the soundness, integrity\nand stability of the financial system.
\nPURPOSE: to protect the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nLEGISLATIVE ACT: Directive (EU) 2015/849 of the\nEuropean Parliament and of the Council on the prevention of the use\nof the financial system for the purposes of money laundering or\nterrorist financing, amending Regulation (EU) No 648/2012 of the\nEuropean Parliament and of the Council, and repealing Directive\n2005/60/EC of the European Parliament and of the Council and\nCommission Directive 2006/70/EC.
\nCONTENT: this Directive updates and revises the\nexisting 3rd anti-money laundering Directive with the aim of\nfurther strengthening the EUs defences against money\nlaundering and terrorist financing and of ensuring the\nsoundness, integrity and stability of the financial system. It aims\nto ensure consistency between the EU approach and the international\none - in particular, alignment with the most recent (February 2012)\nRecommendations of the Financial Action Task Force\n(FATF).
\nThe anti-money\nlaundering Regulation, adopted at the same time as the\nDirective, concerns in particular the information accompanying\ntransfers of funds.
\nScope: this Directive\nshall apply to:
\nGambling: with the\nexception of casinos, and following an appropriate risk\nassessment, Member States may decide to exempt, in full or\nin part, providers of certain gambling services from national\nprovisions transposing this Directive on the basis of the proven\nlow risk posed by the nature and, where appropriate, the scale of\noperations of such services. Such exemptions should be subject to a\nspecific risk assessment which also considers the degree of\nvulnerability of the applicable transactions.
\nTighter rules on customer due\ndiligence: Member States shall ensure\nthat obliged entities apply customer due diligence measures\nin the following circumstances:
\nWhere a Member State or an obliged entity identifies\nareas of lower risk, that Member State may allow obliged entities\nto apply simplified customer due diligence measures. Before\napplying simplified customer due diligence measures, obliged\nentities shall ascertain that the business relationship or the\ntransaction presents a lower degree of risk.
\nThe use of electronic money products is\nincreasingly considered to be a substitute for bank accounts,\nwhich, justifies subjecting those products to anti-money laundering\nand countering the financing of terrorism obligations. However, in\ncertain proven low-risk circumstances and under strict\nrisk-mitigating conditions, Member States should be allowed to\nexempt electronic money products from certain customer due\ndiligence measures.
\nRisk-based approach: the\nimportance of a supranational approach to risk identification has\nbeen recognised at international level. The Commission shall\nconduct an assessment of the risks of money laundering and\nterrorist financing affecting the internal market and relating to\ncross-border activities. To that end, the Commission shall, by 26\nJune 2017, draw up a report identifying, analysing and evaluating\nthose risks at Union level.
\nBeneficial ownership information: Member States shall ensure that the information is\nheld in a central register in each Member State or a public\nregister. It shall be accessible to competent authorities,\nfinancial intelligence units and obliged entities such as\nbanks. The Directive also enables persons who can demonstrate a\nlegitimate interest to access the following stored information:\n(i) name; (ii) month and year of birth; (iii) nationality; (iv)\ncountry of residence; (v) nature and approximate extent of the\nbeneficial interest held.
\nAs for trusts, the central registration of\nbeneficial ownership information will be used where the trust\ngenerates consequences as regards taxation.
\nSanctions: the Directive\nprovides for a maximum pecuniary fine of at least twice the\namount of the benefit derived from the breach or at least EUR 1\nmillion. For breaches involving credit or financial institutions,\nit provides for:
\nBy 26 June 2019, the Commission shall draw up a report\non the implementation of this Directive and submit it to the\nEuropean Parliament and to the Council.
\nENTRY INTO FORCE: 25.6.2015.
\nTRANSPOSITION: 26.6.2017.
\nDELEGATED ACTS: the Commission may adopt delegated\nacts in order to identify high-risk third countries, taking\ninto account strategic deficiencies. The power to adopt delegated\nacts referred to in Article 9 shall be conferred on the Commission\nfor an indeterminate period of time from 25 June 2015. The European\nParliament or the Council may object to a delegated act within a\nperiod of one month from the date of notification (this period may\nbe extended by one month). If the European Parliament or the\nCouncil objects to the delegated act, it shall not enter into\nforce.
\nPURPOSE: protecting the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nPROPOSED ACT: Directive of the European Parliament and\nof the Council.
\nPARLIAMENTS ROLE : Parliament decides in\naccordance with the ordinary legislative procedure and on an equal\nfooting with the Council
\nBACKGROUND: Money laundering and terrorism financing\ncreate thus a high risk to the integrity, proper functioning,\nreputation and stability of the financial system. The changing\nnature of money laundering and terrorist financing threats requires\na permanent adaptation of the legal framework to counter such\nthreats.
\nAt EU level, Directive 2005/60/EC (the\nThird Anti Money Laundering Directive or AMLD) sets out the\nframework designed to protect financial institutions against the\nrisks of money laundering and terrorist financing. The EU rules are\nto a large extent based on international standards adopted by the\nFinancial Action Task Force (FATF).
\nAt international level, the FATF has undertaken a\nfundamental review of international standards and adopted a new set\nof Recommendations in February 2012. In parallel to the\ninternational process, the European Commission has been undertaking\nits own review of the European framework. The proposed revision\nof the Directive is complementary to the revised FATF\nRecommendations, which represent a substantial strengthening of\nthe anti-money laundering and combating terrorist financing\nframework.
\nIMPACT ASSESSMENT: the Commission has undertaken an\nimpact assessment, where it analysed the potential consequences of\nmoney laundering and terrorism financing. It also analysed the\nimpact of the legislative proposals on fundamental\nrights.
\nIn order to rectify the problems identified, the\nassessment concluded that the following operational objectives must\nbe achieved:
\nLEGAL BASIS: Article 114 of the Treaty on the\nFunctioning of the European Union (TFEU).
\nCONTENT: the proposal incorporates and repeals\nCommission Directive 2006/70/EC laying down implementing measures\nfor Directive 2005/60/EC1, thus improving the comprehensibility and\naccessibility of the anti-money laundering legislative\nframework.
\nThe Commission proposes to make the following\namendments to the Third Anti-Money Laundering\nDirective:
\nBUDGETARY IMPLICATIONS: the proposal has no\nimplications for the Union budget.
\nThe Committee on Economic and Monetary Affairs,\njointly with the Committee on Civil Liberties, Justice and Home\nAffairs, adopted the report by Krijānis KARIŅ\n(EPP, LV) and Judith SARGENTINI (Greens/EFA, NL) on the prevention\nof the use of the financial system for the purpose of money\nlaundering and terrorist financing.
\nThe parliamentary committee recommended that\nthe European Parliaments position adopted at first reading,\nfollowing the ordinary legislative procedure, should amend the\nCommission proposal. The main improvements suggested by the Members\nconcerned the following issues:
\nFunction of company registers: Member States\nshould ensure that companies and other entities having legal\npersonality, established or incorporated within their territory, or\ngoverned under their law obtain, hold and transmit to a public\ncentral register, commercial register or companies register\nwithin their territory adequate, accurate, current and up-to-date\ninformation on them and on their beneficial ownership, at the\nmoment of establishment as well as any changes thereof.
\nThe register shall contain the minimum\ninformation to clearly identify the company and its beneficial\nowner, namely : (i) the name, number, legal form and\nstatus of the entity, proof of incorporation, address of the\nregistered office (and of the principal place of business if\ndifferent from the registered office), (ii) the basic regulatory\npowers (such as those contained in the Memorandum and Articles of\nAssociation), (iii) the list of directors and\nshareholder/beneficial owner information, such as the names, dates\nof birth, nationality or jurisdiction of incorporation, contact\ndetails, number of shares, categories of shares and proportion of\nshareholding or control, if applicable/
\nThe registers should be interconnected and\naccessible by the authorities and the obliged entities. Member\nStates may grant access to the information to other parties and\nestablish rules based on which the register can be\naccessed.
\nMember States shall lay down the rules on\neffective, proportionate and dissuasive penalties for natural or\nlegal persons applicable to infringements of the national\nprovisions adopted pursuant to this Directive.
\nRisk assessment: Members proposed that the\nCommission should produce an assessment on the money laundering and\nterrorist financing risks affecting the internal market, with\nparticular reference to cross-border activities. In order to\nproduce such an assessment, it should consult the Member States,\nthe European Banking Authority (EBA), the European Insurance and\nOccupational Pensions Authority (EIOPA), the European Securities\nand Markets Authority (ESMA), the EDPS, Article 29 Working Party,\nEuropol and other relevant authorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nDue to the ever changing business environment,\nthe evaluation should be done periodically and at least on a\nbiannual basis.
\nTargeted and proportionate\napproach:\nMember States could\nadopt or retain in force stricter provisions in the field covered\nby this Directive to prevent money laundering and terrorist\nfinancing, provided that such provisions are in full compliance\nwith Union law, especially as regards Union data protection\nrules and the protection of fundamental rights as enshrined in the\nCharter of Fundamental Rights of the European Union. Such\nprovisions should not unduly prevent consumers from accessing\nfinancial services and shall not constitute an obstacle to the\nfunctioning of the Single Market.
\nNon-cooperative\njurisdictions: in\norder to develop a common approach and common policies against\nnon-cooperative jurisdictions with deficiencies in the field of\ncombating money laundering, Member States should periodically\nendorse and adopt the lists of countries published by the Financial\nAction Task Force (FATF).
\nThe Commission should coordinate preparatory\nwork at the European level on the identification of third countries\nwith grave strategic deficiencies in their money laundering systems\nthat pose significant risks to the financial system of the\nUnion.
\nThe European Parliament adopted by 643 votes to 30\nwith 12 abstentions, a legislative resolution on the prevention of\nthe use of the financial system for the purpose of money laundering\nand terrorist financing.
\nParliaments position adopted at first reading\nunder the ordinary legislative procedure amended the Commission\nproposal as follows:
\nScope: the directive\nwhich is grounded in a risk-based approach, will apply to credit\ninstitutions, financial institutions, auditors, lawyers, external\naccountants and tax advisors, who will be expected to be more\nvigilant regarding suspect transactions made by clients. It will\nalso apply to estate agents including letting agents, in so far as\nthey are involved in financial transactions. It will apply to\nproviders of gambling services. With the exception of casinos,\nMember States may decide to exempt in full or in part certain\ngambling services from national provisions on the basis of the low\nrisk posed by the nature of the services on the basis of risk\nassessments.
\nIncreased vigilance regarding politically exposed\npersons: the Commission proposal\ncovers both domestic politically exposed persons and foreign\npolitically exposed persons. Parliament proposed that the\nCommission, in cooperation with Member States and international\norganisations, shall draw a list of domestic politically exposed\npersons and persons who are residents of the Member States, who are\nor have been entrusted with a prominent function by an\ninternational organisation. The list shall be accessible by\ncompetent authorities and by obliged entities.
\nThe Commission shall notify the persons concerned that\nthey have been placed on or removed from the list.
\nPublic registers:\nParliament proposed that companies and other entities\nhaving legal personality established or\nincorporated within their territory, or governed under\ntheir law obtain, hold and transmit to a public central\nregister, commercial register or companies register within\ntheir territory adequate, accurate, current and\nup-to-date information on them and on their beneficial\nownership, at the moment of establishment as well as any changes\nthereof.
\nParliament sets out the list of minimum information\nthat must be kept in the register to clearly identify the company\nand its beneficial owner.
\nThe information shall be available online to all\npersons in an open and secure data format, in line with data\nprotection rules.
\nThe company registers shall be interconnected\nby means of the European platform, the portal and optional access\npoints established by Member States. The latter shall lay down the\nrules on penalties for natural or legal persons applicable to\ninfringements of the national provisions adopted pursuant to the\nDirective.
\nThe Commission shall seek cooperation with third\ncountries to encourage that equivalent central registers\ncontaining beneficial ownership information are established and\ninformation on beneficial owners is made publically accessible in\ntheir countries.
\nRisk assessment:\nMembers proposed that the Commission should produce an assessment\non the money laundering and terrorist financing risks affecting the\ninternal market, with particular reference to cross-border\nactivities. In order to produce such an assessment, it should\nconsult the Member States, the European Banking Authority (EBA),\nthe European Insurance and Occupational Pensions Authority (EIOPA),\nthe European Securities and Markets Authority (ESMA), the EDPS,\nArticle 29 Working Party, Europol and other relevant\nauthorities.
\nThe risk assessment should cover at least the\nfollowing aspects: the overall extent of money laundering and the\nareas of the internal market that are at greater risk; the most\nwidespread means used by criminals to launder illicit proceeds as\nwell as the recommendations to the competent authorities on the\neffective deployment of resources.
\nThe evaluation should be done every six months and\nmore often if necessary.
\nTargeted and proportionate approach: Member States could adopt or retain in force\nstricter provisions in the field covered by this Directive to\nprevent money laundering and terrorist financing, provided that\nsuch provisions are in full compliance with Union law,\nespecially as regards Union data protection rules and the\nprotection of fundamental rights as enshrined in the Charter of\nFundamental Rights of the European Union. Such provisions should\nnot unduly prevent consumers from accessing financial services and\nshall not constitute an obstacle to the functioning of the Single\nMarket.
\nNon-cooperative jurisdictions: in order to develop a common approach and common\npolicies against non-cooperative jurisdictions with deficiencies in\nthe field of combating money laundering, Member States should\nperiodically endorse and adopt the lists of countries published by\nthe Financial Action Task Force (FATF).
\nThe Commission should coordinate preparatory work at\nthe European level on the identification of third countries with\ngrave strategic deficiencies in their money laundering systems that\npose significant risks to the financial system of the\nUnion.
\nParliament stated in the\ntext that the Commission should\nincrease the pressure that it brings to bear on the tax\nhavens to improve their cooperation and exchange of information\nin order to combat money laundering and terrorist\nfinancing.
\nThe Council's position at first reading reflects the\ncompromise reached in negotiations between the Council and the\nEuropean Parliament, with the support of the Commission.
\nThe purpose of the Anti-Money\nLaundering Regulation (AMLR), which was adopted at the same\ntime as the Anti-Money Laundering Directive, is to update and\nrevise the existing 3rd AMLR with the aim of further strengthening\nthe EUs defences against money laundering and terrorist\nfinancing and of ensuring the soundness, integrity and stability of\nthe financial system.
\nThe amendments of the Council aim to strengthen the\nEUs defences against money laundering and terrorist financing\nwhile ensuring consistency with the approach followed at\ninternational level, notably the FATF recommendations. On some\nissues, the new EU rules expand on the FATF's requirements and\nprovide additional safeguards.
\nThe amendments introduced by the Council and accepted\nby the Parliament concern the\nfollowing issues:
\nGambling: for gambling\nservices posing higher risks, the Directive requires service\nproviders to conduct due diligence for transactions of 2000\nor more. With the exception of casinos, Member States will be\nallowed to exempt gambling services from some or all requirements,\nin strictly limited and justified circumstances. Such exemptions\nwill be subject to an appropriate risk assessment.
\nFurthermore, in certain proven low-risk circumstances\nand under strict mitigating conditions, Member States are allowed\nto exempt electronic money products from certain customer due\ndiligence measures.
\nRisk assessment: the\nDirective applies a risk-based approach to better target risks. The\nCommission has been entrusted with the responsibility of\ncoordinating the assessment of money laundering and terrorist\nfinancing risks affecting the internal market and relating to\ncross-border activities.
\nTreatment of politically exposed\npersons: the Councils position\ndoes not distinguish between persons who hold or have held\nprominent functions domestically and those who hold or have held\nsuch functions abroad.
\nBeneficial ownership information on corporate and\nother legal entities: this\ninformation will have to be held in a central register in each\nMember State. Member States that so wish may use a public\nregister.
\nBeneficial ownership information will be accessible to\ncompetent authorities and financial intelligence units and,\nin the framework of the conduct of customer due diligence, to\nobliged entities.
\nThe Directive also enables persons or organisations\nthat can demonstrate a legitimate interest to access at least\nthe following information on the beneficial owner: its name, month\nand year of birth, nationality and country of residence, as well as\nthe nature and extent of the beneficial interest held.
\nAs for trusts, central registration of\nbeneficial ownership information will be used when the trust\ngenerates tax consequences.
\nSanctions: the text\nprovides for maximum administrative pecuniary sanctions of at least\ntwice the amount of the benefit derived from the breach, where that\nbenefit can be determined, or at least 1 million. For\nbreaches involving credit or financial institutions, it provides\nfor:
\nDelegated acts: the\nCommission will identify, by means of delegated acts, third country\njurisdictions which have strategic deficiencies in their national\nregimes in the field of anti-money laundering and countering the\nfinancing of terrorism.
\nThe Committee on Economic and Monetary Affairs\nCommittee on Civil Liberties, Justice and Home Affairs jointly\nadopted the recommendation for second reading contained in the\nreport by Krijānis KARIŅ (EPP, LV) and Judith\nSARGENTINI (Greens/EFA, NL), on the Council position at first\nreading with a view to the adoption of a directive of the European\nParliament and of the Council on the prevention of the use of the\nfinancial system for the purposes of money laundering or terrorist\nfinancing, amending Regulation (EU) No 648/2012 of the European\nParliament and of the Council, and repealing Directive 2005/60/EC\nof the European Parliament and of the Council and Commission\nDirective 2006/70/EC.
\nThe committees recommended that the European\nParliament approve the Council position at first reading without\namendment.
\nThe European Parliament adopted a legislative\nresolution on the Council position at first reading with a view to\nthe adoption of a directive of the European Parliament and of the\nCouncil on the prevention of the use of the financial system for\nthe purposes of money laundering or terrorist financing, amending\nRegulation (EU) No 648/2012 of the European Parliament and of the\nCouncil, and repealing Directive 2005/60/EC of the European\nParliament and of the Council and Commission Directive\n2006/70/EC.
\nParliament approved the Council position at first\nreading without amendment.
\nThe proposed directive aims to update and improve the\nEUs existing 3rd Anti-Money Laundering Directive in order to\nfurther strengthen the EUs defences against money laundering\nand terrorist financing and of ensuring the soundness, integrity\nand stability of the financial system.
\nPURPOSE: to protect the financial system against money\nlaundering and terrorist financing through measures on prevention,\ninvestigation, and detection.
\nLEGISLATIVE ACT: Directive (EU) 2015/849 of the\nEuropean Parliament and of the Council on the prevention of the use\nof the financial system for the purposes of money laundering or\nterrorist financing, amending Regulation (EU) No 648/2012 of the\nEuropean Parliament and of the Council, and repealing Directive\n2005/60/EC of the European Parliament and of the Council and\nCommission Directive 2006/70/EC.
\nCONTENT: this Directive updates and revises the\nexisting 3rd anti-money laundering Directive with the aim of\nfurther strengthening the EUs defences against money\nlaundering and terrorist financing and of ensuring the\nsoundness, integrity and stability of the financial system. It aims\nto ensure consistency between the EU approach and the international\none - in particular, alignment with the most recent (February 2012)\nRecommendations of the Financial Action Task Force\n(FATF).
\nThe anti-money\nlaundering Regulation, adopted at the same time as the\nDirective, concerns in particular the information accompanying\ntransfers of funds.
\nScope: this Directive\nshall apply to:
\nGambling: with the\nexception of casinos, and following an appropriate risk\nassessment, Member States may decide to exempt, in full or\nin part, providers of certain gambling services from national\nprovisions transposing this Directive on the basis of the proven\nlow risk posed by the nature and, where appropriate, the scale of\noperations of such services. Such exemptions should be subject to a\nspecific risk assessment which also considers the degree of\nvulnerability of the applicable transactions.
\nTighter rules on customer due\ndiligence: Member States shall ensure\nthat obliged entities apply customer due diligence measures\nin the following circumstances:
\nWhere a Member State or an obliged entity identifies\nareas of lower risk, that Member State may allow obliged entities\nto apply simplified customer due diligence measures. Before\napplying simplified customer due diligence measures, obliged\nentities shall ascertain that the business relationship or the\ntransaction presents a lower degree of risk.
\nThe use of electronic money products is\nincreasingly considered to be a substitute for bank accounts,\nwhich, justifies subjecting those products to anti-money laundering\nand countering the financing of terrorism obligations. However, in\ncertain proven low-risk circumstances and under strict\nrisk-mitigating conditions, Member States should be allowed to\nexempt electronic money products from certain customer due\ndiligence measures.
\nRisk-based approach: the\nimportance of a supranational approach to risk identification has\nbeen recognised at international level. The Commission shall\nconduct an assessment of the risks of money laundering and\nterrorist financing affecting the internal market and relating to\ncross-border activities. To that end, the Commission shall, by 26\nJune 2017, draw up a report identifying, analysing and evaluating\nthose risks at Union level.
\nBeneficial ownership information: Member States shall ensure that the information is\nheld in a central register in each Member State or a public\nregister. It shall be accessible to competent authorities,\nfinancial intelligence units and obliged entities such as\nbanks. The Directive also enables persons who can demonstrate a\nlegitimate interest to access the following stored information:\n(i) name; (ii) month and year of birth; (iii) nationality; (iv)\ncountry of residence; (v) nature and approximate extent of the\nbeneficial interest held.
\nAs for trusts, the central registration of\nbeneficial ownership information will be used where the trust\ngenerates consequences as regards taxation.
\nSanctions: the Directive\nprovides for a maximum pecuniary fine of at least twice the\namount of the benefit derived from the breach or at least EUR 1\nmillion. For breaches involving credit or financial institutions,\nit provides for:
\nBy 26 June 2019, the Commission shall draw up a report\non the implementation of this Directive and submit it to the\nEuropean Parliament and to the Council.
\nENTRY INTO FORCE: 25.6.2015.
\nTRANSPOSITION: 26.6.2017.
\nDELEGATED ACTS: the Commission may adopt delegated\nacts in order to identify high-risk third countries, taking\ninto account strategic deficiencies. The power to adopt delegated\nacts referred to in Article 9 shall be conferred on the Commission\nfor an indeterminate period of time from 25 June 2015. The European\nParliament or the Council may object to a delegated act within a\nperiod of one month from the date of notification (this period may\nbe extended by one month). If the European Parliament or the\nCouncil objects to the delegated act, it shall not enter into\nforce.
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