New authority against money laundering: EU Commission and Europol want to expand financial investigations

In the summer, the Commission presented a four-step legislative package against money laundering and terrorist financing. This includes the establishment of a new authority and the introduction of a bank account register. The proposals are currently being discussed by the Council, slowly now the consultation of the Parliament is starting.

At the beginning of next year, the European Union wants to establish a new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). It is expected to become operational in 2024 and fully operational two years later, supervising financial transactions of so-called „high-risk institutions“. A „harmonised risk assessment methodology“ will be used to determine which firms fall into this category. For this purpose, the authority also wants to evaluate reports from the member states. „New authority against money laundering: EU Commission and Europol want to expand financial investigations“ weiterlesen

Anti-terrorism at walking pace: Little European Union action against right-wing extremists

Only after the attack in Christchurch did the EU Commission and the Council take violent right-wing extremism and terrorism more seriously. However, no progress has been made in the cross-border fight against the phenomenon. Some Member States are putting the brakes on political decisions and consider terrorist attacks only as „extremism“.

On 15 March 2019, the Australian-born right-wing terrorist Brenton Tarrant shot 51 people in cold blood and injured another 50 in Christchurch, New Zealand. The perpetrator is considered a „lone wolf“ or „lone actor“, i.e. an individual who has radicalised himself in right-wing forums and social media on the internet. For many years, European police and secret services have monitored and prosecuted the phenomenon exclusively in the field of Islamist terrorism. Only after the momentous attack did cross-border right-wing networks and „lone actors“ radicalised through their structures find their way onto the EU agenda.

There are well-organised right-wing extremist associations such as Blood and Honour, Combat 18, Hammerskins, Soldiers of Odin, the Nordic Resistance Movement or the Identitarians, which all operate throughout Europe and also have connections on other continents. Their activities were partly observed by the EU, but not perceived as a threat. The EU police agency Europol publishes the „Trend Report on Terrorism in Europe“ (TESAT) every year. There, „right-wing terrorism“ is still at the end of the document after „jihadist terrorism“, „ethno-nationalist and separatist terrorism“ and „left-wing terrorism“, where Europol counts mainly arson attacks in the member states. „Anti-terrorism at walking pace: Little European Union action against right-wing extremists“ weiterlesen

EU-wide use of bank retention data to facilitate financial investigations

In future, financial information will also be queried across borders for serious crimes, and even more authorities will have access. Banks and other financial service providers will have to adhere to deadlines for the release of financial information. In Germany, the EU directive is likely to increase competition between customs and the criminal police.

The European Union wants to expand the cross-border use of financial information. Data from central bank account registers will not only be used to combat money laundering and terrorism, but also to prosecute serious crimes. This is the result of a proposal for a directive on „facilitating the use of financial and other information“ presented by the European Commission in April and now being discussed by the Council and Parliament. The proposed Directive is part of the „European Security Agenda“ adopted in April 2015. „EU-wide use of bank retention data to facilitate financial investigations“ weiterlesen