Fourth Anti-Money Laundering Directive amendments JHA opt-in

HM Treasury written statement – made on 28th March 2017.

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Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

The Government has opted in to the justice and home affairs (JHA) provisions within the European Commission’s proposal to amend the Fourth Anti-Money Laundering Directive. These provisions require sharing of data from registers between Financial Intelligence Units and law enforcement authorities, which we consider falls within the scope of Article 87 of the Treaty on the Functioning of the EU. As such, the Government believes these are JHA obligations and therefore the UK’s JHA opt-in is triggered. We have informed Council of that fact.

The Government has decided to opt in to these provisions as they improve data sharing between Financial Intelligence Units. This is an important and necessary part of our anti-money laundering and counter-terrorist financing regime.

This statement has also been made in the House of Lords: HLWS566