Article 33 › 5

Obliged entities shall refrain from applying simplified due diligence measures in any of the following situations: (a) the obliged entities have doubts as to the veracity of the information provided by the customer or the beneficial owner at the stage of identification, or they detect inconsistencies regarding that information; (b) the factors indicating a lower risk are no longer present; (c) the monitoring of the customer’s transactions and the information collected in the context of the business relationship exclude a lower risk scenario; (d) there is a suspicion of money laundering or terrorist financing; (e) there is a suspicion that the customer, or the person acting on behalf of the customer, is attempting to circumvent or evade targeted financial sanctions.

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