On 23 May 2024, the Council of the EU published the text of a draft Directive 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 proposed 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 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

Next steps

The Council of the EU is to formally adopt the draft Directive. Thereafter it will be published in the Official Journal of the European Union.