Recital 78

(78) In low risk situations, obliged entities should be able to apply simplified due diligence measures. That does not equate to an exemption or absence of customer due diligence measures. It rather consists of a simplified or reduced set of scrutiny measures, which should however address all components of the standard due diligence procedure. In line with the risk-based approach, obliged entities should nevertheless be able to reduce the frequency or intensity of their customer or transaction scrutiny, or rely on adequate assumptions with regard to the purpose of the business relationship or use of simple products. The regulatory technical standards on customer due diligence should set out the specific simplified measures that obliged entities are able to implement in the case of lower risk situations identified in the risk assessment at Union level conducted by the Commission. When developing draft regulatory technical standards, AMLA should have due regard to preserving social and financial inclusion.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.