annulment

Human Rights in Finance.EU initiates annulment procedure for the Funds Travel Rule (Reg 2023/1113) with a request for legal assistance

On September 4, 2023, HRIF.EU submitted the documents that mark the beginning of a cancellation procedure at the General Court of the European Union. The foundation aims to cancel a regulation that requires the unnecessary disclosure of private data in payment transactions and future crypto-asset transfers. The first step in this annulment action was made possible with the support of … Read more

HRIF.EU Calls on the United Kingdom to Halt the ‘Travel Rule’ for Both Cryptocurrency and Regular Transfers

In the United Kingdom, a highly disputed obligation will come into effect next week for businesses engaged in cryptocurrency-related transfers and trading. They will be required, under the so-called Travel Rule for crypto, to transmit a substantial amount of individual customer data to recipients in various countries, with no discernible added value. To prevent the infringement on these fundamental rights, … Read more

Human Rights in Finance.EU proceeding with foundation and EU annulment proceedings

On August 24th, after a long preparation and run-up Simon Lelieveldt and Jacob Boersma established HRIF.EU as a formal foundation and legal entity under Dutch law. Why? Well, everyone is familiar with the phenomenon in their own environment. Your bank account gets blocked. Afterwards, you’re asked to provide various pieces of information within very short deadlines. If you don’t comply, … Read more

Appeal to Dutch Finance Ministry: please initiate an annulment procedure for the EU Travel Rule regulation to protect the human rights in Europe!

This morning, the founder of the Foundation Human Rights in Finance.EU, Simon Lelieveldt, sent the following message to (the staff of) Minister Kaag of Finance. “With gratitude for the granted additional time to respond, I hereby send my response to the consultation Implementation Act VO (2023/1113) on money transfers and transfers of crypto assets, along with related information.” In this … Read more