Regulation (EU) 2018/1672 of the European Parliament and of the CouncilShow full title

Regulation (EU) 2018/1672 of the European Parliament and of the Council of 23 October 2018 on controls on cash entering or leaving the Union and repealing Regulation (EC) No 1889/2005

Article 10U.K.Exchange of information between competent authorities and with the Commission

1.The competent authority of each Member State shall, by electronic means, transmit the following information to the competent authorities of all the other Member States:

(a)ex officio declarations composed under Article 5(3);

(b)information obtained under Article 6;

(c)declarations obtained under Article 3 or 4, where there are indications that the cash is related to criminal activity;

(d)anonymised risk information and risk analysis results.

2.Where there are indications that the cash is related to criminal activity which could adversely affect the financial interests of the Union, the information referred to in paragraph 1 shall also be transmitted to the Commission, to the European Public Prosecutor’s Office by the Member States participating in enhanced cooperation pursuant to Regulation (EU) 2017/1939 and where it is competent to act under Article 22 of that Regulation, and to Europol where it is competent to act under Article 3 of Regulation (EU) 2016/794.

3.The competent authority shall transmit the information referred to in paragraphs 1 and 2 in accordance with the technical rules referred to in point (c) of Article 16(1) and using the form referred to in point (d) of Article 16(1).

4.The information referred to in points (a), (b), and (c) of paragraph 1 and in paragraph 2 shall be transmitted as soon as possible and in any event no later than 15 working days after the date on which that information was obtained.

5.The information and results referred to in point (d) of paragraph 1 shall be transmitted on a six-monthly basis.