The EU is Gearing up to Become a Totalitarian Surveillance State and is Preparing Expropriations—with the help of the German Government

[polonieth]

More info: https://weltwoche.de/daily/rette-si...ereitet-enteignungen-vor-mit-hilfe-der-union/

Article 21 of this new AML/CFT regulation is particularly alarming because it grants the Authority broad “administrative measures.” Not even a corrupt judge, prosecutor, defence attorney or jury required. In plain English, that means the Authority can step in and force any covered entity to take whatever “necessary measures” it sees fit, based on almost nothing more than a hunch.

Under Article 21, the Authority can act if:

• You’ve already broken the rules.
• The entity is in breach of the relevant EU or national anti-money‐laundering laws.
• You’re likely to break the rules.
• The Authority has “sufficient and demonstrable indications” that you’re about to violate those same laws—and believes its interventions can stop or reduce the risk of a breach.

There’s no requirement for a court order, a warrant, or even “reasonable suspicion.” The triggers are so vague that almost anything could count as “sufficient indications.”

Article 21 keeps pointing back to Article 1(2), which then refers to:

• Regulation (EU) 2023/1113
• Directive (EU) 2024/1640
• Regulation (EU) 2024/1624

So many vague terms and cross-references. You never really see a clear boundary on what they can or might demand. Ie they will make it up as they see fit.

Article 22 also lets the Authority impose hefty fines if a covered entity:

• Intentionally or negligently breaks Regulation 2023/1113 or 2024/1624
• Fails to comply with any binding decision the Authority has made

And if the breach is deemed “serious, repeated, or systematic,” the Executive Board must impose a more severe sanction. Again, “intentional” or “negligent” breach is never clearly defined, and you’re stuck with their interpretation.

Another policy masquerading as friendly that low IQ nanny state lovers will think is a good idea "oh it stops money laundering", but is actually a tangle of vague terms allowing a supranational authority to fine you based on almost no proof, just their own “indications” that you might do something wrong

Is von der Leyen planning to use private savings to ramp up investment in the EU? Looks like a good way to help...

 

[daniels27]

Sounds scary. Enjoy the free market and let the remaining competition play. Leave now!

 

[Fred]

Germans - who else

 

[plotoffshore]

With rules like these on the way, I’m not surprised that Ida Auken might soon be proven right with her statement from the 2015 World Economic Forum!

However, this only applies to all small and medium-sized businesses, as well as private individuals, no one dares touch the big billion-dollar corporations. So, it probably affects about 99% of all EU citizens!

 

[polonieth]

Germans - who else

Based on history, confining this to Germany seems unlikely, full EU roll out imminent.

 

[W Fish]

Article 21 of this new AML/CFT regulation is particularly alarming because it grants the Authority broad “administrative measures.” Not even a corrupt judge, prosecutor, defence attorney or jury required. In plain English, that means the Authority can step in and force any covered entity to take whatever “necessary measures” it sees fit, based on almost nothing more than a hunch.

Could you please specify the number of the new regulation you are talking about.

 

[polonieth]

Could you please specify the number of the new regulation you are talking about.

https://www.amla.europa.eu/index_en

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1620