On 19 June 2024, there was published in the Official Journal of the EU (OJ), Directive (EU) 2024/1654 of the European Parliament and of the Council of 31 May 2024 amending Directive (EU) 2019/1153 as regards access by competent authorities to centralised bank account registries through the interconnection system and technical measures to facilitate the use of transaction records.

The amendment to Directive (EU) 2019/1153 would allow designated competent authorities responsible for the prevention, investigation, detection or prosecution of criminal offences to access and search the interconnected system of centralised bank account registers through the bank account registers interconnection system (BARIS) single access point. This would enable them to establish quickly whether an individual holds bank accounts in other Member States without having to ask all their counterparts in all Member States.

The Directive enters into force on the twentieth day following its publication in the OJ (9 July 2024).

Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with the Directive by 10 July 2027. By way of derogation, Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with Article 1(4) and (5), of this Directive by 10 July 2029. Article 1(4) and (5) relate to the BARIS.