Recital 57

(57) Delayed access to information by FIUs and other competent authorities on the identity of holders of bank accounts and payment accounts, securities accounts, crypto-asset accounts and safe-deposit boxes hampers the detection of transfers of funds relating to money laundering and terrorist financing. It is therefore essential to establish centralised automated mechanisms, such as a register or data retrieval system, in all Member States as an efficient means to get timely access to information on the identity of holders of bank accounts and payment accounts, securities accounts, crypto-asset accounts and safe-deposit boxes, their proxy holders, and their beneficial owners. Such information should include the historical information on closed customer-account holders, bank accounts and payment accounts, including virtual IBANs, securities accounts, crypto-asset accounts and safe-deposit boxes. When applying the access provisions, it is appropriate for pre-existing mechanisms to be used provided that national FIUs can access the data for which they make inquiries in an immediate and unfiltered manner. Member States should consider feeding such mechanisms with other information deemed necessary and proportionate in order to achieve a more effective mitigation of risks relating to money laundering, its predicate offences and the financing of terrorism. Full confidentiality should be ensured in respect of such inquiries and requests for related information by FIUs, AMLA in the context of joint analyses and supervisory authorities.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.