# Safe Interenvíos (C-235/14) — anti-money-laundering, enhanced customer due diligence by payment institutions (AML) URL: https://consilena.com/coverage/laws/ksrc_w0neby8xazs8xqsx - Jurisdiction: European Union - Type: Case - Short name: AML - Identifier: EU:C:2016:154 - Current as of: 10 March 2016 - Provisions: 1 - Official text: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:62014CJ0235 > The library is a research copy. Check the official source before relying on a provision: the text published there, not the copy in Consilena, is the law. ## Provisions - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) This request for a preliminary ruling concerns the interpretation of Article 11(1), read in conjunction with Articles 5, 7 and 13, of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under certain conditions laid down in Article 11 of the Money Laundering Directive, it is not necessary to apply the customer due… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: Articles 5, 7, 11(1) and 13 of the Money Laundering Directive must be interpreted as not precluding national legislation, such as that at issue in the main… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is clear from the words ‘at least’ that, whilst Article 13 of the Money Laundering Directive lists certain situations in which the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Safe, Sabadell and Liberbank appealed against that judgment to the Audiencia Provincial de Barcelona (Provincial Court, Barcelona), which… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In Section 1 of that chapter, headed ‘General provisions’, Article 7(a) to (d) sets out the situations in which the institutions and… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under Article 20 of the Money Laundering Directive, the Member States must require that the institutions and persons covered by the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 37 of the Money Laundering Directive, which, together with Article 36, concerns supervision, provides in paragraph 1 that the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Consequently, notwithstanding the derogation in Article 11(1) of the Money Laundering Directive, Articles 7 and 13 of the directive… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Nonetheless, in accordance with Article 8(2) of the Money Laundering Directive, the institutions and persons covered by that directive… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In Sections 1 to 3 of Chapter II, which is headed ‘Customer due diligence’, the Money Laundering Directive provides for three types of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It must be pointed out that, in so doing, the Member State concerned must nevertheless exercise that power in compliance with EU law, in… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) As is clear from settled case-law reflected in Article 94 of the Rules of Procedure of the Court of Justice, in the context of the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It must, however, be pointed out that Article 11(1) of the Money Laundering Directive does not derogate from Article 7(c) of the directive. - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) As set out in Article 34(1) of the Money Laundering Directive, the Member States must require that the institutions and persons covered by… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Whilst the institutions and persons covered by the Money Laundering Directive must apply the due diligence measures referred to in Article… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Consequently, if there is a higher risk of money laundering or terrorist financing as envisaged in Article 13 of the Money Laundering… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Chapter II of the Money Laundering Directive, headed ‘Customer due diligence’, includes, in Articles 6 to 10, general provisions… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By Question 3(b), the referring court asks, in essence whether the Personal Data Directive must be interpreted as preventing the Member… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By Question 1, the referring court asks, in essence, whether, Articles 5, 7, 11(1) and 13 of the Money Laundering Directive must be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Finally, so far as concerns Article 9 of Law 10/2010, which authorises standard due diligence measures to be applied in respect of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under Article 9(6) of the Money Laundering Directive, the Member States must require that institutions and persons covered by the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) On 25 September 2012, the Juzgado de lo Mercantil No 5 de Barcelona (Commercial Court No 5, Barcelona) dismissed Safe’s action. It held… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) First of all, it should be noted that it appears from the documents submitted to the Court that BBVA began to suspect money laundering or… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It should also be pointed out that the ‘stricter provisions’ referred to in Article 5 of the Money Laundering Directive may concern… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Nevertheless, according to the Court’s settled case-law, where national legislation falling within an area which has not been completely… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Since these proceedings are, for the parties to the main proceedings, a step in the action pending before the referring court, the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Nor does it mean that the institutions and persons covered by the Money Laundering Directive may compromise the task of supervising… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It examined in each specific case whether the banks’ conduct was justified. It held that none of the banks had infringed any specific… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) National legislation, such as that at issue in the main proceedings, which provides for the application of due diligence measures other… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 11(1) of the Money Laundering Directive states: ‘By way of derogation from Articles 7(a), (b) and (d), 8 and 9(1), the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Contrary to Safe’s contentions, that does not mean, however, that when the institutions and persons covered by the Money Laundering… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under the first subparagraph of Article 9(5) of the Money Laundering Directive, the Member States are to require that, where the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 1(1) and (2) of the Money Laundering Directive provides: ‘1. Member States shall ensure that money laundering and terrorist… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 11(1) of the Money Laundering Directive is intended solely to derogate from the standard customer due diligence measures set out… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 9 of Law 10/2010 provides: ‘1. Without prejudice to the provisions contained in the third subparagraph of Article 7(1), persons… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The Payment Services Directive lays down, in particular, the rules enabling six categories of payment service provider to be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) As stated in recital 5 of the Money Laundering Directive, measures adopted in the field of money laundering and terrorist financing… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 28 of the Money Laundering Directive prohibits the institutions and persons covered by the directive and their directors and… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Before the referring court, Safe argues, first, that BBVA was not required to adopt customer due diligence measures where the customers… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In any event, the Member States must ensure that the enhanced customer due diligence measures capable of being applied are based on… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In providing that the Member States may adopt or retain in force stricter provisions in the field covered by the Money Laundering… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Safe challenged BBVA’s decision to close its account and similar decisions by the other two banks before the Juzgado de lo Mercantil No 5… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 13(2) to (4) of the Money Laundering Directive relates to situations in which the customer is not physically present for the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 11 of Law 10/2010 states: ‘Persons subject to this law shall apply, in addition to the standard due diligence measures, enhanced… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In order to establish whether EU law is complied with, it must be examined whether Article 56 TFEU precludes national legislation, such as… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The answer to Question 2(a) and (c)(ii) therefore is that the Money Laundering Directive must be interpreted as meaning that the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 13 of the Money Laundering Directive requires the Member States to provide that the institutions and persons covered by the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) That risk assessment must take into account, at least, all relevant facts capable of demonstrating the risk of one of the types of conduct… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The referring court considers that three main questions are raised in relation to the interpretation of Article 11(1) of the Money… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The standard customer due diligence measures include, as Articles 3 to 6 of Law 10/2010 respectively provide, formally identifying the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Law 10/2010 on the prevention of money laundering and terrorist financing (Ley 10/2010 de prevención del blanqueo de capitales y de la… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Before the referring court, Sabadell advances the fact that the judgment of the Juzgado de lo Mercantil No 5 de Barcelona (Commercial… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In addition, Article 37 of the Money Laundering Directive requires the competent national authorities to effectively monitor, and to take… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Thus, as the Advocate General has observed in point 95 of her Opinion, although the transfer of funds by an institution to States other… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Recital 48 of the Money Laundering Directive states that the directive respects the fundamental rights and observes the principles… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Safe is a company that transfers customers’ funds to Member States other than the Member State in which it is established and to third… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 3(1) of the Money Laundering Directive defines a ‘credit institution’ by reference to the definition of the same term in the first… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Pursuant to Article 7(c) of the Money Laundering Directive, read in conjunction with Article 11(1), customer due diligence measures must… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Finally, whether national legislation is proportionate depends on whether there are less restrictive means of achieving the same level of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) This question is raised in the context of a dispute involving institutions covered by the Money Laundering Directive which founded their… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The referring court must also set out the precise reasons why it was unsure as to the interpretation of certain provisions of EU law and… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Thirdly, the question is raised whether the exception laid down in that provision encompasses exclusively due diligence measures or also… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 9(1), (5) and (6) of the Money Laundering Directive provides: ‘1. Member States shall require that the verification of the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By Question 3, the referring court refers generally to the Personal Data Directive without indicating sufficiently precisely the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Having regard to the foregoing considerations, it must be held that Question 3 is inadmissible. - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It should be pointed out that the Money Laundering Directive concerns the due diligence obligations owed by the institutions and persons… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 22 of the Money Laundering Directive, which, together with Article 23, imposes reporting obligations, requires the institutions… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 5 of the Money Laundering Directive is included in Chapter I of the directive, headed ‘Subject matter, scope and definitions’, and… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In other situations, depending, in particular, on the type of customer, business relationship, product or transaction, the risk may be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) As set out in Article 8 of the Money Laundering Directive: ‘1. Customer due diligence measures shall comprise: (a) identifying the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Application of Article 9(5) of the Money Laundering Directive does not depend on why an institution or person covered by that directive… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Such measures must have a concrete link with the risk of money laundering and terrorist financing and be proportionate to that risk. It… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under Article 7(3), persons subject to Law 10/2010 may not start a business relationship or carry out a transaction if they cannot apply… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In that regard, first, it should be recalled that preventing and combating money laundering and terrorist financing constitute a… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is settled case-law that, under the procedure of cooperation established by Article 267 TFEU, it is not for the Court of Justice but… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In those circumstances the Audiencia Provincial de Barcelona (Provincial Court, Barcelona) decided to stay proceedings and to refer the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is apparent from the order for reference that these questions relate to interpretation of the Money Laundering Directive in conjunction… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) As set out in Article 17(1) of the Payment Services Directive, when a payment institution intends to provide payment services through an… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Thirdly, in order to assess whether such national legislation is proportionate, it is necessary to determine the level of protection… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It follows that the customer due diligence and reporting obligations owed by credit institutions, on the one hand, and the supervisory and… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Recitals 22 and 24 of the Money Laundering Directive state: ‘(22) It should be recognised that the risk of money laundering and terrorist… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Those further questions concern, first, the relationship between Article 11(1) of the Money Laundering Directive and Article 21 of the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By Question 2(b) and (c)(i) and (iii), the referring court asks, in essence, in the event that Article 11(1) of the Money Laundering… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Further questions are raised in the alternative, should Article 11(1) of the Money Laundering Directive be interpreted as entitling… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) First, the question is raised whether, in the light of Article 5 of the Money Laundering Directive, which authorises the Member States to… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 21 of the Payment Services Directive, headed ‘Supervision’, provides: ‘1. Member States shall ensure that the controls exercised… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In the situations referred to in Article 7 of the Money Laundering Directive, the institutions and persons covered by the directive must… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Pursuant to the first subparagraph of Article 20(1) of the Payment Services Directive, the Member States are to designate as the competent… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 13(1) of the Money Laundering Directive provides: ‘Member States shall require the institutions and persons covered by this… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The request has been made in proceedings between Safe Interenvíos SA (‘Safe’), a payment institution, and Liberbank SA (‘Liberbank’)… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The referring court states that all the parties involved are subject to Law 10/2010, as they fall within the categories referred to in… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Recital 33 of the Money Laundering Directive states that disclosure of information as referred to in Article 28 of the directive should be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is apparent from the order for reference that these questions are designed to ascertain whether, from the point of view of the Personal… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The banks responded that the measures adopted were in accordance with Law 10/2010, were justified, in particular because of the risk… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By virtue of Article 7 of the Money Laundering Directive, the institutions and persons covered by the directive are to apply customer due… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Secondly, national legislation such as that at issue in the main proceedings is appropriate for securing the attainment of the aim pursued… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Recital 10 of the Money Laundering Directive is worded as follows: ‘The institutions and persons covered by this Directive should …… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Secondly, interpretation of Article 11(1) of the Money Laundering Directive, read in conjunction with Article 7 thereof, gives rise to the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The Money Laundering Directive, as Article 2(1) provides, applies to credit institutions, financial institutions and various legal or… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is settled case-law of the Court that Article 56 TFEU requires not only the elimination of all discrimination against providers of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) After discovering irregularities regarding the agents who transferred funds through the accounts which Safe held with the banks, the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Furthermore, whether national legislation is proportionate also depends on the degree to which the customer due diligence measures for… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It must therefore be examined on what conditions legislation such as that at issue in the main proceedings meets those requirements. - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) By Question 2(a), the referring court asks, in essence, how the Money Laundering Directive is to be interpreted so far as concerns the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 4 of the Payment Services Directive, headed ‘Definitions’, provides: ‘For the purposes of this Directive, the following… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is apparent from the documents submitted to the Court that on 11 May 2011 BBVA disclosed those irregularities to the Executive Service… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) In accordance with Article 5(f) of the Payment Services Directive, an application for authorisation as a payment institution must be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 11(2) of the Money Laundering Directive provides for other circumstances in which, by way of derogation from Articles 7(a), (b)… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Furthermore, the question of the content of the information requested from Safe under the due diligence measures applied by the banks in… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Consequently, in Articles 7 to 9 of the Money Laundering Directive, the EU legislature identified the circumstances in which it considered… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) That is so in particular, under Article 11(1) of the Money Laundering Directive, where the customer of an institution or person covered by… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Furthermore, contrary to Safe’s contentions, the derogation in Article 11(1) of the Money Laundering Directive does not preclude national… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 5 of the Money Laundering Directive provides that ‘the Member States may adopt or retain in force stricter provisions in the field… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Indeed, the information provided in orders for reference serves not only to enable the Court to provide useful answers but also to give… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 79 of the Payment Services Directive, headed ‘Data protection’, provides that ‘Member States shall permit the processing of… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Under Article 3(2)(a) of the Money Laundering Directive, the definition of a ‘financial institution’ includes ‘an undertaking, other than… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) The Court has already accepted that the aim of combatting the use of the financial system for money laundering or terrorist financing… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Consequently, the answer to Question 2(b) and (c)(i) and (iii) is that Articles 5 and 13 of the Money Laundering Directive must be… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) Article 7(1) of Law 10/2010 states: ‘Persons subject to this law shall apply each of the due diligence measures prescribed in the… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) It is apparent from the Money Laundering Directive, in particular Articles 5 and 13(1) and recital 24, that the Member States may either… - **["JUDGMENT OF THE COURT (Fifth Chamber)", "Safe Interenvíos SA v Liberbank SA, Banco de Sabadell SA, Banco Bilbao Vizcaya Argentaria SA", "10 March 2016 ( 1 )"]**: 10 March 2016 ( *1 ) of credit institutions to adopt measures require any special justification that may be deduced from the acts of the payment institution or… --- Consilena is a software provider, not a law firm. AI output is not legal advice: consult a licensed lawyer in the relevant jurisdiction. Page: https://consilena.com/coverage/laws/ksrc_w0neby8xazs8xqsx. Index of every page: https://consilena.com/llms.txt.