In a news article of 14 June 2019, Security Union: The EU strengthens rules on home-made explosives and fight against terrorist financing,  the Council announces new measures on access to financial information.

Summary in the article:

The new measures for cross-border access to financial information by law enforcement authorities will complement the EU Anti-Money Laundering framework while ensuring:

• Timely access to information: law enforcement authorities, Asset Recovery Offices (AROs) and anti-corruption authorities to have direct access to bank account information contained in the national centralised bank account registries. All Member States have to set up these registries under new EU Anti-Money Laundering rules.
• Better cooperation: the new rules will also ensure greater cooperation between national law enforcement, Europol and Financial Intelligence Units (FIUs) and will further facilitate the exchange of information between the national FIUs.
• Stronger data protection safeguards: the new Directive provides for strong procedural and data protection guarantees in line with the Charter of Fundamental Rights.

The text will need to be signed by the President of the European Parliament and the Presidency of the Council after which it will be published in the Official Journal of the European Union. The new rules will enter into force 20 days later. Member States will have two years to transpose the new measures facilitating access to financial information into their national laws.