Article 31 › 2

The Commission, when drawing up the delegated acts referred to in paragraph 1, shall take into account in particular the following criteria: (a) the legal and institutional AML/CFT framework of the third country, in particular: (i) the criminalisation of money laundering and terrorist financing; (ii) measures relating to customer due diligence; (iii) requirements relating to record-keeping; (iv) requirements to report suspicious transactions; (v) the availability of accurate and timely information of the beneficial ownership of legal persons and arrangements to competent authorities; (b) the powers and procedures of the third country’s competent authorities for the purposes of combating money laundering and terrorist financing including appropriately effective, proportionate and dissuasive sanctions, as well as the third country’s practice in cooperation and exchange of information with Member States’ competent authorities; (c) the effectiveness of the third country’s AML/CFT system in addressing money laundering and terrorist financing risks.

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