3.

Member States may decide that persons that engage in a financial activity on an occasional or very limited basis where there is little risk of money laundering or terrorist financing do not fall within the scope of this Directive, provided that all of the following criteria are met: the financial activity is limited in absolute terms; the financial activity is limited on a transaction basis; the financial activity is not the main activity of such persons; the financial activity is ancillary and directly related to the main activity of such persons; the main activity of such persons is not an activity referred to in points (a) to (d) or point (f) of paragraph 1(3); the financial activity is provided only to the customers of the main activity of such persons and is not generally offered to the public. The first subparagraph shall not apply to persons engaged in the activity of money remittance as defined in point (13) of Article 4 of Directive 2007/64/EC of the European Parliament and of the Council Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market amending Directives 97/7/EC, 2002/65/EC, 2005/60/EC and 2006/48/EC and repealing Directive 97/5/EC (OJ L 319, 5.12.2007, p. 1). .

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.