1 Amendments of Birgit SIPPEL related to 2016/0413(COD)
Amendment 219 #
Proposal for a regulation
Article 12 – paragraph 4
Article 12 – paragraph 4
4. PIn case of a violation against the rules laid down in this Regulation personal data obtained in accordance with Articles 3, 4, 5 (3), and 6 shall be stored by the competent authorities and the Financial Intelligence Unit for a period of five years after the date on which it was collected. At the expiry of this period it shall be deleted or rendered anonymouonly up to three years. If there are indications that the cash is related to a criminal activity, personal data obtained in accordance with Articles 3, 4, 5 (3), and 6 shall be stored by the competent authorities and the Financial Intelligence Unit only up to a total of five years. In such case the reasons for this longer storage shall be justified and recorded. If no decision is taken on the continued storage that data shall be erased automatically after three years.