Navigation path

Additional tools

Regulation on information on the payer accompanying transfers of funds

Regulation (EC) No 1781/2006 on information on the payer accompanying transfers of funds lays down rules for payment service providers to send information on the payer throughout the payment chain. This is done for the purposes of prevention, investigation and detection of money laundering and terrorist financing.

The Regulation transposes Special Recommendation VII (SRVII) of the Financial Action Task Force (FATF) into EU law and is part of the EU Plan of Action to Combat Terrorism.

Development

05.02.2013
The Commission adopts two proposals to update and improve the EU’s existing legal framework designed to protect the financial system against money laundering and terrorist financing.
08.12.2006
Regulation (EC) No 1781/2006 published in the Official Journal (OJ L 345, p. 1-9)
FATF Special Recommendation VII (SRVII) on wire transfers
15.11.2006
Regulation (EC) No 1781/2006 of the European Parliament and of the Council on information on the payer accompanying transfers of funds adopted
07.07.2006
Press release: Commission welcomes Parliament agreement on measures to tighten controls on money transfers, IP/06/957
26.07.2005
Text of the Commission proposal, COM(2005)343

Press release: Commission proposes new measures to tighten controls on money transfers, IP/05/1008

Measures related to dependent or associated territories

  • Commission implementing decision of 25 January 2012 (C(2012)141) authorising the Kingdom of Denmark to conclude agreements with Greenland and the Faroe Islands for transfers of funds between Denmark and each of these territories to be treated as transfers of funds within Denmark, pursuant to Regulation (EC) No 1781/2006 of the European Parliament and of the Council
  • Commission decision of 4 May 2010 (C(2010)2634) authorising the French Republic to conclude an agreement with the Principality of Monaco for transfers of funds between the French Republic and the Principality of Monaco to be treated as transfers of funds within the French Republic, pursuant to Regulation (EC) No 1781/2006 of the European Parliament and of the Council
  • Commission Decision of 8 December 2008 (C(2008)7812) concerning transfers of funds between the United Kingdom and the Bailiwick of Jersey, the Bailiwick of Guernsey and the Isle of Man respectively.

Useful links