Protection of the euro and other currencies against counterfeiting by criminal law: certain reporting requirements

PURPOSE: to amend Directive 2014/62/EU with a view to streamlining certain reporting requirements.

LEGISLATIVE ACT: Directive (EU) 2024/2808 of the European Parliament and of the Council amending Directive 2014/62/EU as regards certain reporting requirements.

CONTENT: reporting requirements play a key role in ensuring proper monitoring and correct enforcement of legislation. However, it is important that such requirements be streamlined to ensure that they fulfil the purpose for which they were intended and to limit administrative burden.

Directive 2014/62/EU of the European Parliament and of the Council on the protection of the euro and other currencies against counterfeiting by criminal law requires Member States to transmit statistical data to the Commission, at least every two years, on the number of offences concerning counterfeit notes and coins and on the number of persons prosecuted for and convicted of such offences.

In line with the Commission’s Communication entitled ‘Long-term competitiveness of the EU: looking beyond 2030’, the directive abolishes the obligation laid down in Directive 2014/62/EU to transmit statistical data to the Commission.

This directive is based on a careful assessment of the particular circumstances of Directive 2014/62/EU and limited to the crime of counterfeiting notes and coins. This Directive is without prejudice to the need to ensure appropriate levels of reporting obligations in the field of Union criminal law.