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AMLR — REGULATION (EU) 2024/1624 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Text with EEA relevance)

regulation · European Union · 32024R1624

384 provisions · cited by 4 instruments we hold · 26 provisions hand work to national law

Defined terms · All instruments · banking supervision · economic offence · exchange of information · fight against crime · financial institution · financial supervision · financial transparency · money laundering

1 Subject matter
2 Definitions
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3 Obliged entities
4 Exemptions for certain providers of gambling services
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5 Exemptions for certain professional football clubs
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6 Exemptions for certain financial activities
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7 Prior notification of exemptions
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8 Notification of cross-border operations and application of national law
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9 Scope of internal policies, procedures and controls
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10 Business-wide risk assessment
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11 Compliance functions
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12 Awareness of requirements
13 Integrity of employees
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14 Reporting of breaches and protection of reporting persons
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15 Situation of specific employees
16 Group-wide requirements
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17 Branches and subsidiaries in third countries
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18 Outsourcing
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19 Application of customer due diligence measures
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20 Customer due diligence measures
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21 Inability to comply with the requirement to apply customer due diligence measures
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22 Identification and verification of the identity of customers and beneficial owners
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23 Timing of the verification of the customer and beneficial owner identity
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24 Reporting of discrepancies with information contained in beneficial ownership registers
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25 Identification of the purpose and intended nature of a business relationship or occasional transaction
26 Ongoing monitoring of the business relationship and monitoring of transactions performed by customers
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27 Temporary measures for customers subject to UN financial sanctions
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28 Regulatory technical standards on the information necessary for the performance of customer due diligence
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29 Identification of third countries with significant strategic deficiencies in their national AML/CFT regimes
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30 Identification of third countries with compliance weaknesses in their national AML/CFT regimes
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31 Identification of third countries posing a specific and serious threat to the Union’s financial system
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32 Guidelines on money laundering and terrorist financing risks, trends and methods
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33 Simplified due diligence measures
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34 Scope of application of enhanced due diligence measures
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35 Countermeasures to mitigate money laundering and terrorist financing threats from outside the Union
36 Specific enhanced due diligence measures for cross-border correspondent relationships
37 Specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers
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38 Specific measures for individual third-country respondent institutions
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39 Prohibition of correspondent relationships with shell institutions
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40 Measures to mitigate risks in relation to transactions with a self-hosted address
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41 Specific provisions regarding applicants for residence by investment schemes
42 Specific provisions regarding politically exposed persons
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43 List of prominent public functions
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44 Politically exposed persons who are beneficiaries of insurance policies
45 Measures for persons who cease to be politically exposed persons
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46 Family members and persons known to be close associates of politically exposed persons
47 Specifications for the life and other investment-related insurance sector
48 General provisions relating to reliance on other obliged entities
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49 Process of reliance on another obliged entity
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50 Guidelines on reliance on other obliged entities
51 Identification of beneficial owners for legal entities
52 Beneficial ownership through ownership interest
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53 Beneficial ownership through control
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54 Coexistence of ownership interest and control in the ownership structure
55 Ownership structures involving legal arrangements or similar legal entities
56 Notifications
57 Identification of beneficial owners for legal entities similar to express trust
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58 Identification of beneficial owners for express trusts and similar legal arrangements
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59 Identification of a class of beneficiaries
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60 Identification of objects of a power and default takers in discretionary trusts
61 Identification of beneficial owners of collective investment undertakings
62 Beneficial ownership information
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63 Obligations of legal entities
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64 Trustee obligations
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65 Exceptions to obligations of legal entities and legal arrangements
66 Nominee obligations
67 Foreign legal entities and foreign legal arrangements
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68 Penalties
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69 Reporting of suspicions
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70 Specific provisions for reporting of suspicions by certain categories of obliged entities
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71 Refraining from carrying out transactions
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72 Disclosure to FIU
73 Prohibition of disclosure
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74 Threshold-based reports of transactions in certain high-value goods
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75 Exchange of information in the framework of partnerships for information sharing
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76 Processing of personal data
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77 Record retention
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78 Provision of records to competent authorities
79 Anonymous accounts and bearer shares and bearer share warrants
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80 Limits to large cash payments in exchange for goods or services
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81 Cooperation between FIUs and the EPPO
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82 Requests for information to the EPPO
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83 Cooperation between FIUs and OLAF
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84 Requests for information to OLAF
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85 Exercise of the delegation
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86 Committee procedure
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87 Review
88 Reports
89 Relation to Directive (EU) 2015/849
90 Entry into force and application