| Author (Person) | Lassalle, Maxime, Vogel, Benjamin |
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| Publisher | Max Planck Institute for the Study of Crime Security and Law |
| Publication Date | February 2024 |
| Content Type | Report |
Summary:Recent years have seen an increase in public-private partnerships in the fight against financial crime. At the international level, such partnerships have been welcomed by the United Nations Security Council and by the FATF. At the EU level, partnerships are not only supported by a Commission Staff Working Document but have also been welcomed by the European Parliament and the Council during the ongoing negotiations on the anti-money laundering (AML) legislative package. Meanwhile, a number of countries in and outside the EU have been developing partnerships of various design. While most partnerships provide for an exchange of strategic information, some initiatives have already gone further and allow for the sharing of tactical information – that is, information that targets specific suspects and other specific persons of interest. The sharing of personal data is widely considered more problematic, however, as it affects fundamental rights more directly and is usually not provided for in national legal frameworks. These concerns were amplified in a letter by the European Data Protection Board. The Recommendations aim at situating public-private partnerships in the EU legal order and providing guidance for policymakers, authorities, and obliged entities on how to ensure that cooperation aligns with the imperatives of the Charter of Fundamental Rights of the European Union (CFR). |
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| Source Link | https://doi.org/10.30709/eucrim-2023-031 |
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| Subject Categories | Justice and Home Affairs |
| Subject Tags | Organised Crime, Police | Judicial Cooperation, Security Union, Terrorism |
| Keywords | Banks | Banking, Money Laundering, Terrorist Financing |
| International Organisations | European Union [EU] |
