Legislative Observatory
European Parliament
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2016/0208(COD)

Prevention of the use of the financial system for the purposes of money laundering or terrorist financing: transparency of financial transactions and of corporate entities

Basic information

2016/0208(COD)

COD - Ordinary legislative procedure (ex-codecision procedure)

Directive

Amending Directive 2009/101/EC 2008/0022(COD)
Amending Directive (EU) 2015/849 2013/0025(COD)

Subject

2.50.04 Banks and credit
2.50.04.02 Electronic money and payments, cross-border credit transfers
2.50.08 Financial services, financial reporting and auditing
2.80 Cooperation between administrations
3.45.01 Company law
7.30.20 Action to combat terrorism
7.30.30.08 Capital outflow, money laundering

Legislative priorities

Joint Declaration 2017
Joint Declaration 2018-19

Status

Procedure completed

Please go to Documentation gateway for any follow-up documents.

Key players

Key events

Date Event Reference Summary
05/07/2016 Legislative proposal published COM(2016)0450
12/07/2016 Debate in Council
12/09/2016 Committee referral announced in Parliament, 1st reading
06/10/2016 Referral to joint committee announced in Parliament
08/11/2016 Debate in Council
06/12/2016 Debate in Council
28/02/2017 Vote in committee, 1st reading
28/02/2017 Committee decision to open interinstitutional negotiations with report adopted in committee
09/03/2017 Committee report tabled for plenary, 1st reading A8-0056/2017
13/03/2017 Committee decision to enter into interinstitutional negotiations announced in plenary (Rule 71)
15/03/2017 Committee decision to enter into interinstitutional negotiations confirmed by plenary (Rule 71)
16/06/2017 Debate in Council
24/01/2018 PE616.577
24/01/2018 GEDA/A/(2017)011914
29/01/2018 Approval in committee of the text agreed at 1st reading interinstitutional negotiations PE616.577 GEDA/A/(2017)011914
18/04/2018 Debate in Parliament
19/04/2018 Decision by Parliament, 1st reading T8-0178/2018
19/04/2018 Results of vote in Parliament
14/05/2018 Act adopted by Council after Parliament's 1st reading
23/05/2018 End of procedure in Parliament
30/05/2018 Final act signed
19/06/2018 Final act published in Official Journal

Technical information

Procedure Information
Procedure reference 2016/0208(COD)
Procedure type COD - Ordinary legislative procedure (ex-codecision procedure)
Nature of procedure Legislation
Legislative instrument Directive
Amending Directive 2009/101/EC 2008/0022(COD)
Amending Directive (EU) 2015/849 2013/0025(COD)
Legal basis Rules of Procedure EP 59 Treaty on the Functioning of the EU TFEU 050 Treaty on the Functioning of the EU TFEU 114
Mandatory consultation of other institutions European Economic and Social Committee
Stage reached in procedure Procedure completed
Committee dossier CJ12/8/08086

Documentation gateway

  • Document type Committee Reference Date Summary
    Committee draft report PE593.836 07/11/2016
    Committee opinion DEVE PE594.116 01/12/2016
    Amendments tabled in committee PE595.438 06/12/2016
    Committee opinion INTA PE594.132 08/12/2016
    Amendments tabled in committee PE595.624 14/12/2016
    Amendments tabled in committee PE595.747 19/12/2016
    Amendments tabled in committee PE595.610 19/12/2016
    Committee opinion JURI PE594.003 18/01/2017
    Committee report tabled for plenary, 1st reading/single reading A8-0056/2017 09/03/2017
    Text agreed during interinstitutional negotiations PE616.577 20/12/2017
    Specific opinion JURI PE616.787 30/01/2018
    Text adopted by Parliament, 1st reading/single reading T8-0178/2018 19/04/2018
  • Document type Reference Date Summary
    Coreper letter confirming interinstitutional agreement GEDA/A/(2017)011914 20/12/2017
    Draft final act 00072/2017/LEX 30/05/2018
  • Document type Reference Date Summary
    Legislative proposal COM(2016)0450 05/07/2016
    Document attached to the procedure SWD(2016)0224 06/07/2016
    Document attached to the procedure SWD(2016)0223 06/07/2016
    Commission response to text adopted in plenary SP(2018)350 06/06/2018
    Follow-up document COM(2022)0087 09/03/2022
  • Document type Parliament/Chamber Reference Date Summary
    Contribution RO_CHAMBER COM(2016)0450 12/10/2016
    Contribution PT_PARLIAMENT COM(2016)0450 11/11/2016
    Contribution CZ_SENATE COM(2016)0450 19/12/2016
  • Institution/body Document type Reference Date Summary
    ECB European Central Bank: opinion, guideline, report CON/2016/0049 OJ C 459 09.12.2016, p. 0003 12/10/2016
    ESC Economic and Social Committee: opinion, report CES4274/2016 19/10/2016
    EDPS Document attached to the procedure N8-0013/2017 OJ C 085 18.03.2017, p. 0003 02/02/2017

Additional information

Source Document Date
EP Research Service Briefing

Final act