The Ministry of Finance has drafted a new bill.
With this, MTA (Tax and Customs Board) can request data from banks.
MTA must clearly state why it needs the data.
The law allows MTA and RAB (Money Laundering Data Bureau) to use an automated system.
They can request information about accounts, such as whether an account exists or what the balance is.
If they need more information, they must send a letter.
The law clearly states that MTA may also request banking secrets.
MTA and RAB must specify in the law how they use the data.
MTA must now explain why it did not receive the data.
The changes stem from a letter by the Chancellor of Justice.
The letter stated that the law has unclear wording.
The Minister of Justice restricted access to data for several institutions.
RAB lost the right to use the automated system.
The new law grants RAB the right to request account statements.
The law also determines how long the data is retained.
The Data Protection Inspectorate will monitor whether RAB uses the data correctly.
The law clarifies when RAB may restrict data.
RAB has until March 2027 to adapt to the new system.