Action 1: Identify and dismantle criminal networks To identify and disrupt criminal networks, it is essential to understand their members' methods of operating and their financing. The Commission will therefore propose in 2011 EU legislation on the collection of Passenger Name Records of passengers on flights entering or leaving the territory of the EU. These data will be analysed by the authorities in Member States to prevent and prosecute terrorist offences and serious crimes. Understanding the criminal source of finances and their movements depends on information about the owner of the companies, as well as the trusts that those finances pass through. In practice, law enforcement and judicial authorities, administrative investigative bodies such as OLAF and private sector professionals have difficulty obtaining such information. The EU should therefore consider by 2013, in the light of discussions with its international partners in the Financial Action Task Force, revising the EU Anti-Money Laundering legislation to enhance the transparency of legal persons and legal arrangements. To help trace the movement of criminal finances, some Member States have set up a central register of bank accounts. To maximise the usefulness of such registers for law enforcement purposes, the Commission will in 2012 develop guidelines. In order to investigate effectively criminal financial transactions, law enforcement and judicial authorities should be equipped and trained to collect, analyse and, where appropriate, share information making full use of national centres of excellence for criminal financial investigation and the European Police College (CEPOL) training programmes. The Commission will propose a strategy in this area in 2012. Additionally, the international nature of criminal networks calls for more joint operations involving police, customs, border guards and judicial authorities in different Member States working alongside Eurojust, Europol and OLAF. Such operations, including Joint Investigation Teams9, should be set up - where necessary at short notice - with the full support of the Commission in line with the priorities, strategic goals and plans established by the Council on the basis of relevant threat analyses10. Moreover, the Commission and Member States should continue to ensure effective implementation of and to report on the European Arrest Warrant, including its effects on fundamental rights. Action 2: Protect the economy against criminal infiltration Criminal networks rely on corruption to invest their profits in the lawful economy, eroding trust in public institutions and the economic system. Sustaining political will to combat corruption is of key importance. Action at EU level and sharing of best practices is therefore necessary, and the Commission will table a proposal in 2011 on how to monitor and assist Member States' anti-corruption efforts. 9 10 EN Article 88(2)(b) of the TFEU and Council Decision 2008/615/JHA on the stepping up of cross-border cooperation, particularly in combating terrorism and cross-border crime. Council Conclusions 15358/10 on the creation and implementation of a EU policy cycle for organised and serious international crime. 5 EN