BETA


2017/2634(DEA) Prevention of the use of the financial system for the purposes of money laundering or terrorist financing: Ethiopia and Guyana

Progress: Procedure completed - delegated act rejected

RoleCommitteeRapporteurShadows
Lead ECON
Lead LIBE
Lead committee dossier:
Legal Basis:
RoP 58

Events

2017/09/26
   Commission response to text adopted in plenary
Documents
2017/05/17
   EP - Motion for a resolution objecting delegated act
Documents
2017/05/17
   EP - Results of vote in Parliament
2017/05/17
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 392 votes to 80, with 207 abstentions, a resolution objecting to Commission delegated regulation of 24 March 2017 amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards deleting Guyana from the table in point I of the Annex and adding Ethiopia to that table.

The delegated regulation, its annex and the amending delegated regulation are meant to identify high-risk third countries with strategic deficiencies as regards anti-money laundering and countering terrorist financing (AML/CTF), which represent a threat to the EU financial system for which enhanced customer due diligence measures are necessary at EU obliged entities under Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ("the 4AMLD").

The European Commission proposed to amend the list of these countries by adding Ethiopia and deleting Guyana . The list of countries matches those identified by the Financial Action Task Force (FATF).

Parliament rejected an earlier amending delegated regulation on the grounds that the Commission’s process was not sufficiently autonomous and did not recognise the non-exhaustive nature of the list of evaluation criteria in the 4AMLD, thereby excluding predicate offences for money laundering, such as tax crimes.

Members are still of the view that, in the case of the different evaluation criteria, deficiencies may persist as regards anti-money laundering schemes in certain countries that are not included in the list of high-risk third countries in the amending delegated regulation.

Parliament is in favour of setting up an autonomous evaluation process for the EU list of high-risk third countries while avoiding its reliance on external information sources. It called for a firmer commitment from the Commission with fixed and ambitious milestones (such as a roadmap ) in order to provide a clear message on the institutions’ joint commitment towards combating money laundering, tax evasion and terrorist financing.

Lastly, the Commission is called upon to submit a new delegated act which takes account of the concerns set out above, including its recommendation to adopt a roadmap to come to an autonomous evaluation process.

Documents
2017/04/26
   EP - Amendments tabled in committee
Documents
2017/04/25
   EP - Decision by committee, without report
2017/04/25
   CSL - Delegated act not objected by Council
2017/04/12
   EP/CSL - Initial period for examining delegated act extended at Parliament's request by 1 month(s)
2017/04/05
   EP - Committee referral announced in Parliament, 1st reading/single reading
2017/04/05
   EP - Referral to joint committee announced in Parliament
2017/03/24
   EC - Non-legislative basic document
Documents
2017/03/24
   EC - Non-legislative basic document published
Documents
2017/03/24
   EP/CSL - Initial period for examining delegated act 1 month(s)

Documents

Votes

B8-0294/2017 - Résolution

2017/05/17 Outcome: +: 392, 0: 207, -: 80
IT FR DE ES RO SE EL PT BE NL AT CZ FI HU BG IE DK GB HR LT CY LU LV EE SI MT SK PL
Total
66
63
90
50
26
19
19
20
21
24
18
19
11
19
17
10
11
56
11
9
5
6
8
6
8
5
13
49
icon: S&D S&D
173

Netherlands S&D

3

Czechia S&D

3

Ireland S&D

For (1)

1

Croatia S&D

2

Lithuania S&D

1

Cyprus S&D

2

Luxembourg S&D

For (1)

1

Latvia S&D

1

Estonia S&D

For (1)

1

Slovenia S&D

For (1)

1

Malta S&D

3
icon: ALDE ALDE
63

Romania ALDE

3

Portugal ALDE

1

Austria ALDE

For (1)

1

Ireland ALDE

For (1)

1

United Kingdom ALDE

1

Croatia ALDE

2

Lithuania ALDE

Abstain (1)

3

Luxembourg ALDE

For (1)

1

Latvia ALDE

1

Estonia ALDE

Against (1)

3

Slovenia ALDE

For (1)

1
icon: Verts/ALE Verts/ALE
50

Italy Verts/ALE

For (1)

1

Belgium Verts/ALE

2

Netherlands Verts/ALE

2

Austria Verts/ALE

3

Finland Verts/ALE

For (1)

1

Hungary Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Estonia Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
47

Sweden GUE/NGL

For (1)

1

Netherlands GUE/NGL

2

Czechia GUE/NGL

2

Finland GUE/NGL

For (1)

1

Denmark GUE/NGL

For (1)

1

United Kingdom GUE/NGL

1

Cyprus GUE/NGL

2
icon: ENF ENF
34

Belgium ENF

For (1)

1

Netherlands ENF

3

United Kingdom ENF

Against (1)

1

Poland ENF

Abstain (1)

2
icon: EFDD EFDD
31

Germany EFDD

Abstain (1)

1

Sweden EFDD

2

Czechia EFDD

Abstain (1)

1

Lithuania EFDD

For (1)

1

Poland EFDD

1
icon: NI NI
14

France NI

Against (1)

3

Germany NI

For (1)

1

United Kingdom NI

Against (2)

Abstain (1)

3
icon: PPE PPE
203

Belgium PPE

For (1)

4

Finland PPE

2

Denmark PPE

Abstain (1)

1

Lithuania PPE

2

Cyprus PPE

Abstain (1)

1

Luxembourg PPE

3

Estonia PPE

Abstain (1)

1

Malta PPE

2
icon: ECR ECR
64

Italy ECR

2

Romania ECR

For (1)

1

Greece ECR

For (1)

1

Netherlands ECR

2

Czechia ECR

2

Finland ECR

Against (1)

1

Bulgaria ECR

2

Croatia ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Latvia ECR

Against (1)

1

History

(these mark the time of scraping, not the official date of the change)

committees/0/date
    committees/1/date
      activities
      • date: 2017-03-24T00:00:00 body: EP/CSL type: Initial period for examining delegated act 1 month(s)
      • date: 2017-03-24T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2017/01951/COM_ADL(2017)01951_EN.pdf type: Non-legislative basic document published title: C(2017)01951 body: EC commission: type: Non-legislative basic document published
      • date: 2017-04-05T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON body: EP responsible: True committee_full: Civil Liberties, Justice and Home Affairs committee: LIBE
      • date: 2017-04-12T00:00:00 body: EP/CSL type: Initial period for examining delegated act extended at Parliament's request by 1 month(s)
      • date: 2017-04-25T00:00:00 body: EP type: Decision by committee, without report
      • date: 2017-04-25T00:00:00 body: EP/CSL type: Delegated act not objected by Council
      • date: 2017-05-17T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=29778&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2017-0213 type: Decision by Parliament, 1st reading/single reading title: T8-0213/2017 body: EP type: Results of vote in Parliament
      committees/0
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      Responsible Committee
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      EP
      associated
      False
      committee_full
      Economic and Monetary Affairs
      committee
      ECON
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      responsible
      True
      committee_full
      Economic and Monetary Affairs
      committee
      ECON
      committees/1
      type
      Responsible Committee
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      EP
      associated
      False
      committee_full
      Civil Liberties, Justice and Home Affairs
      committee
      LIBE
      date
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      body
      EP
      responsible
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      committee_full
      Civil Liberties, Justice and Home Affairs
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      docs
      • date: 2017-03-24T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2017/01951/COM_ADL(2017)01951_EN.pdf title: C(2017)01951 type: Non-legislative basic document body: EC
      • date: 2017-04-26T00:00:00 docs: title: PE603.097 type: Amendments tabled in committee body: EP
      • date: 2017-05-17T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2017-0294&language=EN title: B8-0294/2017 type: Motion for a resolution objecting delegated act body: EP
      • date: 2017-09-26T00:00:00 docs: url: /oeil/spdoc.do?i=29778&j=0&l=en title: SP(2017)511 type: Commission response to text adopted in plenary
      events
      • date: 2017-03-24T00:00:00 type: Non-legislative basic document published body: EC docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2017/01951/COM_ADL(2017)01951_EN.pdf title: C(2017)01951
      • date: 2017-03-24T00:00:00 type: Initial period for examining delegated act 1 month(s) body: EP/CSL
      • date: 2017-04-05T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
      • date: 2017-04-05T00:00:00 type: Referral to joint committee announced in Parliament body: EP
      • date: 2017-04-12T00:00:00 type: Initial period for examining delegated act extended at Parliament's request by 1 month(s) body: EP/CSL
      • date: 2017-04-25T00:00:00 type: Decision by committee, without report body: EP
      • date: 2017-04-25T00:00:00 type: Delegated act not objected by Council body: CSL
      • date: 2017-05-17T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=29778&l=en title: Results of vote in Parliament
      • date: 2017-05-17T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2017-0213 title: T8-0213/2017 summary: The European Parliament adopted by 392 votes to 80, with 207 abstentions, a resolution objecting to Commission delegated regulation of 24 March 2017 amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards deleting Guyana from the table in point I of the Annex and adding Ethiopia to that table. The delegated regulation, its annex and the amending delegated regulation are meant to identify high-risk third countries with strategic deficiencies as regards anti-money laundering and countering terrorist financing (AML/CTF), which represent a threat to the EU financial system for which enhanced customer due diligence measures are necessary at EU obliged entities under Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ("the 4AMLD"). The European Commission proposed to amend the list of these countries by adding Ethiopia and deleting Guyana . The list of countries matches those identified by the Financial Action Task Force (FATF). Parliament rejected an earlier amending delegated regulation on the grounds that the Commission’s process was not sufficiently autonomous and did not recognise the non-exhaustive nature of the list of evaluation criteria in the 4AMLD, thereby excluding predicate offences for money laundering, such as tax crimes. Members are still of the view that, in the case of the different evaluation criteria, deficiencies may persist as regards anti-money laundering schemes in certain countries that are not included in the list of high-risk third countries in the amending delegated regulation. Parliament is in favour of setting up an autonomous evaluation process for the EU list of high-risk third countries while avoiding its reliance on external information sources. It called for a firmer commitment from the Commission with fixed and ambitious milestones (such as a roadmap ) in order to provide a clear message on the institutions’ joint commitment towards combating money laundering, tax evasion and terrorist financing. Lastly, the Commission is called upon to submit a new delegated act which takes account of the concerns set out above, including its recommendation to adopt a roadmap to come to an autonomous evaluation process.
      links
      other
        procedure/dossier_of_the_committee
        Old
        CJ12/8/09590
        New
        • CJ12/8/09590
        procedure/geographical_area
        • Guyana
        • Ethiopia
        procedure/legal_basis/0
        Rules of Procedure EP 58
        procedure/legal_basis/0
        Rules of Procedure of the European Parliament EP 055
        procedure/subject
        Old
        • 2.50.04.02 Electronic money and payments, cross-border credit transfers
        • 7.30.20 Action to combat terrorism
        • 7.30.30.08 Capital outflow, money laundering
        New
        2.50.04.02
        Electronic money and payments, cross-border credit transfers
        7.30.20
        Action to combat terrorism
        7.30.30.08
        Capital outflow, money laundering
        procedure/summary
        • Supplementing
        procedure/title
        Old
        Prevention of the use of the financial system for the purposes of money laundering or terrorist financing: amending Annex
        New
        Prevention of the use of the financial system for the purposes of money laundering or terrorist financing: Ethiopia and Guyana
        activities/6/docs/0
        url
        http://www.europarl.europa.eu/oeil/popups/sda.do?id=29778&l=en
        type
        Results of vote in Parliament
        title
        Results of vote in Parliament
        activities/6/type
        Old
        Decision by Parliament, 1st reading/single reading
        New
        Results of vote in Parliament
        procedure/stage_reached
        Old
        Awaiting Parliament 1st reading / single reading / budget 1st stage
        New
        Procedure completed - delegated act rejected
        activities/6/docs/0/text
        • The European Parliament adopted by 392 votes to 80, with 207 abstentions, a resolution objecting to Commission delegated regulation of 24 March 2017 amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards deleting Guyana from the table in point I of the Annex and adding Ethiopia to that table.

          The delegated regulation, its annex and the amending delegated regulation are meant to identify high-risk third countries with strategic deficiencies as regards anti-money laundering and countering terrorist financing (AML/CTF), which represent a threat to the EU financial system for which enhanced customer due diligence measures are necessary at EU obliged entities under Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ("the 4AMLD").

          The European Commission proposed to amend the list of these countries by adding Ethiopia and deleting Guyana. The list of countries matches those identified by the Financial Action Task Force (FATF).

          Parliament rejected an earlier amending delegated regulation on the grounds that the Commission’s process was not sufficiently autonomous and did not recognise the non-exhaustive nature of the list of evaluation criteria in the 4AMLD, thereby excluding predicate offences for money laundering, such as tax crimes.

          Members are still of the view that, in the case of the different evaluation criteria, deficiencies may persist as regards anti-money laundering schemes in certain countries that are not included in the list of high-risk third countries in the amending delegated regulation.

          Parliament is in favour of setting up an autonomous evaluation process for the EU list of high-risk third countries while avoiding its reliance on external information sources. It called for a firmer commitment from the Commission with fixed and ambitious milestones (such as a roadmap) in order to provide a clear message on the institutions’ joint commitment towards combating money laundering, tax evasion and terrorist financing.

          Lastly, the Commission is called upon to submit a new delegated act which takes account of the concerns set out above, including its recommendation to adopt a roadmap to come to an autonomous evaluation process.

        activities/4/date
        Old
        2017-05-17T00:00:00
        New
        2017-04-25T00:00:00
        activities/4/type
        Old
        Vote in plenary scheduled
        New
        Decision by committee, without report
        activities/6
        date
        2017-05-17T00:00:00
        docs
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        activities/3
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        Initial period for examining delegated act extended at Parliament's request by 1 month(s)
        activities
        • date: 2017-03-24T00:00:00 body: EP/CSL type: Initial period for examining delegated act 1 month(s)
        • date: 2017-03-24T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2017/01951/COM_ADL(2017)01951_EN.pdf type: Non-legislative basic document published title: C(2017)01951 body: EC type: Non-legislative basic document published commission:
        • date: 2017-04-05T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON body: EP responsible: True committee_full: Civil Liberties, Justice and Home Affairs committee: LIBE
        committees
        • body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
        • body: EP responsible: True committee_full: Civil Liberties, Justice and Home Affairs committee: LIBE
        links
        other
          procedure
          dossier_of_the_committee
          CJ12/8/09590
          reference
          2017/2634(DEA)
          title
          Prevention of the use of the financial system for the purposes of money laundering or terrorist financing: amending Annex
          legal_basis
          Rules of Procedure of the European Parliament EP 055
          stage_reached
          Awaiting committee decision
          summary
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          subtype
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          type
          DEA - Delegated acts procedure
          subject