Version date: 5 June 2015 - onwards
    Version 1 of 1    

Recitals

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Central Bank [OJ C 166, 12.6.2013, p. 2.],

Having regard to the opinion of the European Economic and Social Committee [OJ C 271, 19.9.2013, p. 31.],

Acting in accordance with the ordinary legislative procedure [Position of the European Parliament of 11 March 2014 (not yet published in the Official Journal) and position of the Council at first reading of 20 April 2015 (not yet published in the Official Journal). Position of the European Parliament of 20 May 2015 (not yet published in the Official Journal).],

Whereas:

(1) Flows of illicit money can damage the integrity, stability and reputation of the financial sector, and threaten the inte