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THE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114, in conjunction with Article 218(5), thereof,Having regard to the proposal from the European Commission,Whereas:
(1)By Decision (EU) 2024/1764note, the Council authorised the Commission to participate, on behalf of the Union, in the negotiations on an additional protocol to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism (the ‘Protocol’).
(2)The Protocol was adopted by the Committee of Ministers of the Council of Europe on 15 May 2026 and is envisaged to be opened for signature on 14 October 2026.
(3)The Protocol complies with the objective of the Union set out in Article 26(1) of the Treaty on the Functioning of the European Union, namely to ensure the functioning of the internal market through the adoption of measures.
(4)The Protocol contains, inter alia, provisions on its purpose and scope, on definitions of virtual assets and virtual asset service providers, on the suspension powers of financial intelligence units, on cooperation amongst financial intelligence units, and on the establishment of a central automated mechanism (or similar mechanism) at national level, containing information on bank accounts, payment accounts, securities accounts, safe-deposit boxes and virtual asset accounts.
(5)The Protocol has the potential to significantly strengthen anti-money laundering frameworks and related cooperation among Council of Europe Member States and other key international partners that might become Parties to the Protocol.
(6)The rules laid down in the Protocol overlap to a large extent with, and were inspired by, common rules established at Union level. Those common rules include, in particular, Directives (EU) 2024/1260note and (EU) 2024/1640note of the European Parliament and of the Council and Regulation (EU) 2018/1805 of the European Parliament and of the Councilnote. Moreover, the Protocol overlaps with Directive 2014/42/EU of the European Parliament and of the Councilnote, which remains applicable only in relation to Ireland, and with Council Framework Decisions 2003/577/JHAnote, 2005/212/JHAnote and 2006/783/JHAnote, which remain applicable only in relation to and between Denmark and Ireland.
(7)The Commission participated in the negotiations on behalf of the Union and ensured that the Protocol is compatible with relevant Union law.
(8)Pursuant to Article 37 of the Protocol, it is open for signature by the Union. The Union should become a Party to the Protocol alongside its Member States, given that the Union and its Member States have competences in the areas covered by the Protocol. The Protocol should be signed on behalf of the Union as regards matters falling within the competence of the Union insofar as the Protocol could affect common rules established at Union level or alter their scope. The scope of those common rules could also be affected or altered by international commitments where those commitments fall within an area which is already largely covered by such common rules, to the extent that such commitments are capable of undermining the uniform and consistent application of the common rules and the proper functioning of the system which they establish. In the area of shared competences, the Member States retain their competence insofar as the Protocol does not affect common rules established at Union level or alter the scope thereof, including the foreseeable future development of such rules. This Decision is without prejudice to the signature of the Protocol by the Member States, in accordance with their internal procedures.
(9)The European Data Protection Supervisor was consulted in accordance with Article 42(1) of Regulation (EU) 2018/1725 of the European Parliament and of the Councilnote and delivered an opinion on 10 September 2026.
(10)Therefore, the Protocol should be signed on behalf of the Union,
HAS ADOPTED THIS DECISION:
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