Database on German and European Economic Law

 Regulation (EU) No 2015/847

I. Description

The threats associated with money laundering and terrorist financing are constantly evolving, which requires regular updates of the rules.

This package, which complements other actions taken or planned by the Commission in respect of fight against crime, corruption and tax evasion, includes:

  1. A directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing

  2. A regulation on information accompanying transfers of funds to secure "due traceability" of these transfers

The two proposals foresee a reinforcement of the sanctioning powers of the competent authorities by introducing for instance a set of minimum principle-based rules to strengthen administrative sanctions and a requirement for them to coordinate actions when dealing with cross-border cases.

(Source: h​t​t​p​:​/​/​e​u​r​o​p​a​.​e​u​/​r​a​p​i​d​/​p​r​e​s​s​-​r​e​l​e​a​s​e​_​I​P​-​1​3​-​8​7​_​e​n​.​h​t​m​?​l​o​c​a​l​e​=​e​n)

II. General Information

Title

Regulation of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006

Status
Existing
Regulation
(EU) No 2015/847
Source
O.J. EU No L (Legislation), Edition 141, Year 2015, p.1
Adoption
05/20/2015
Promulgation
06/05/2015
Character
Lamfalussy Framework Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Regulation of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006

  (EU) No 2015/847

Beschluss:
05/20/2015 (A)
Verkuendung:
06/05/2015 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
Proposal
COM(2013) 44 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Repeal
  Regulation (EC) No 1781/2006

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact