Within the framework of the 2024 Council of Europe/European Union Technical Support Instrument envelope, the Economic Crime and Cooperation Division is supporting the ongoing reforms introduced by the Participating Financial Intelligence Units (Participating FIUs) of Belgium, France, Germany, Luxembourg, Malta, the Netherlands and Spain contributing to the objectives of Regulation (EU) 2024/1624 and Directive (EU) 2024/1640 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and their effective application across the countries of the Participating FIUs and throughout the European Union as a whole.

The Project is aimed at improving the efficiency of the participating FIUs’ analytical capacity in the processing of suspicious transaction reports (STRs) and transaction records (TrRs) through the introduction of a Standardised Minimum Data Set which will contain the meaning of specific terms, the format in which it should be reported to the FIUs and the inter-relationship between them.

The project started on 18 June 2025 and will last for 18 months.

The project budget is 927,586.00 EUR. The project is co-funded by the European Union via the Technical Support Instrument and the Council of Europe, and implemented by the Economic Crime and Cooperation Division in cooperation with the European Commission.

 More information on the cooperation between the EC SG REFORM and the Council of Europe can be found here.