Money laundering (1)

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Proposal by Commission (COM (1999) 352, 14 July 1999; OJ 2000 C 177 E/1)
Legal base Article 95 EC
Background amends existing Directive 91/308 (OJ 1991 L 166/77)
Flexibility applies to all Member States
EP committee Lehne report (A5-0175/00) on first reading approved; Lehne report for second reading approved at meeting of 20 Mar. 2001; Lehne third reading report (A5-0380/2001) recommending approval of agreement with Council agreed
EP plenary first reading vote in favour 5 July 2000 (OJ 2001 C 121/133); second reading vote 5 Apr. 2001 supported Council Common Position with amendments (OJ 2002 C 21 E/305); Commission rejected all second reading amendments (COM (2001) 330, 13 June 2001); third reading approved directive in week of 12 Nov. 2001 (OJ 2002 C 140 E/116)
Council discussed at 17 July 2000 Ecofin Council; political agreement on Common Position at 29 Sep. 2000 Ecofin Council; formal adoption of Common Position at 30 Nov. 2000 Internal Market Council (OJ 2001 C 36/24); Commission comments on Common Position (SEC (2001) 12, 12 Jan.. 2001); removed from agenda for second reading, 5 June 2001 Ecofin Council; 20 Sep. 2001 JHA Council indicated that it would adopt measure as soon as possible; 12 Oct. 2001 EP and Council agreement reported; 16 Oct. 2001 JHA/Ecofin Council accepted agreed text; formally adopted by 19 Nov. 2001 General Affairs Council: Directive 2001/97/EC
Deadline for implementation 15 June 2003 (Art. 3(1))


Further reading

  • SEMDOC: Directive 2005/60 amending Directives 2001/97 and 91/308 on money laundering
  • Public register of EU Council Documents: money laundering
  • European Commission: money laundering

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