Cooperation between Financial Intelligence Units in the EU : Challenges for the Rights to Privacy and Data Protection. / Mouzakiti, Foivi.

Assets, Crimes and the State: Innovation in 21st Century Legal Responses. ed. / Benson; King; Walker. 1st. ed. London : Routledge, 2020.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Published

Abstract

Financial Intelligence Units (FIUs) hold a central position in the chain of actors responsible for the monitoring of money movements in the European Union (EU). In support of their role, which is to receive, analyse, and disseminate suspicious transaction reports, they have been furnished with significant information-gathering and information-sharing powers. At present, FIUs feature prominently in the EU’s anti-money laundering and counter-terrorist financing agendas, and plans to further enhance their powers of information exchange are underway. At the same time, however, the legal challenges that arise from their constant empowerment, particularly for the rights to privacy and data protection, are being overlooked. This chapter examines FIUs’ cooperation within the EU from a critical angle and argues that their cooperation takes place under an increasingly fragmented and complex legal framework, which raises significant challenges for rights to privacy and data protection. To illustrate this point, the chapter concludes by highlighting a series of problematic FIU practices.
Original languageEnglish
Title of host publicationAssets, Crimes and the State
Subtitle of host publicationInnovation in 21st Century Legal Responses
Editors Benson, King, Walker
Place of PublicationLondon
PublisherRoutledge
Chapter3
Number of pages14
Edition1st
ISBN (Electronic)9780429398834
DOIs
Publication statusPublished - 5 Feb 2020
This open access research output is licenced under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

ID: 34553639