Article 11

Member States shall ensure that obliged entities apply customer due diligence measures in the following circumstances: (a) when establishing a business relationship; (b) when carrying out an occasional transaction that: (i) amounts to EUR 15 000 or more, whether that transaction is carried out in a single operation or in several operations which appear to be linked; or (ii) constitutes a transfer of funds, as defined in point (9) of Article 3 of Regulation (EU) 2015/847 of the European Parliament and of the Council (30), exceeding EUR 1 000; (c) in the case of persons trading in goods, when carrying out occasional transactions in cash amounting to EUR 10 000 or more, whether the transaction is carried out in a single operation or in several operations which appear to be linked; (d) for providers of gambling services, upon the collection of winnings, the wagering of a stake, or both, when carrying out transactions amounting to EUR 2 000 or more, whether the transaction is carried out in a single operation or in several operations which appear to be linked; (e) when there is a suspicion of money laundering or terrorist financing, regardless of any derogation, exemption or threshold; (f) when there are doubts about the veracity or adequacy of previously obtained customer identification data.

1 national measure recorded under this provision, in 1 form — sign in to view the analysis.

← 2 · All articles · 12 →

Source: EUR-Lex CELLAR · retrieved 2026-09-04