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)
CHAPTER I
GENERAL PROVISIONS
SECTION 1
Subject matter and definitions
Article 1
Subject matter
Article 2
Definitions
SECTION 2
Scope
Article 3
Obliged entities
Article 4
Exemptions for certain providers of gambling services
Article 5
Exemptions for certain professional football clubs
Article 6
Exemptions for certain financial activities
Article 7
Prior notification of exemptions
SECTION 3
Cross-border operations
Article 8
Notification of cross-border operations and application of national law
CHAPTER II
INTERNAL POLICIES, PROCEDURES AND CONTROLS OF OBLIGED ENTITIES
SECTION 1
Internal policies, procedures and controls, risk assessment and staff
Article 9
Scope of internal policies, procedures and controls
Article 10
Business-wide risk assessment
Article 11
Compliance functions
Article 12
Awareness of requirements
Article 13
Integrity of employees
Article 14
Reporting of breaches and protection of reporting persons
Article 15
Situation of specific employees
SECTION 2
Provisions applying to groups
Article 16
Group-wide requirements
Article 17
Branches and subsidiaries in third countries
SECTION 3
Outsourcing
Article 18
Outsourcing
CHAPTER III
CUSTOMER DUE DILIGENCE
SECTION 1
General provisions
Article 19
Application of customer due diligence measures
Article 20
Customer due diligence measures
Article 21
Inability to comply with the requirement to apply customer due diligence measures
Article 22
Identification and verification of the identity of customers and beneficial owners
Article 23
Timing of the verification of the customer and beneficial owner identity
Article 24
Reporting of discrepancies with information contained in beneficial ownership registers
Article 25
Identification of the purpose and intended nature of a business relationship or occasional transaction
Article 26
Ongoing monitoring of the business relationship and monitoring of transactions performed by customers
Article 27
Temporary measures for customers subject to UN financial sanctions
Article 28
Regulatory technical standards on the information necessary for the performance of customer due diligence
SECTION 2
Third-country policy and money laundering and terrorist financing threats from outside the Union
Article 29
Identification of third countries with significant strategic deficiencies in their national AML/CFT regimes
Article 30
Identification of third countries with compliance weaknesses in their national AML/CFT regimes
Article 31
Identification of third countries posing a specific and serious threat to the Union’s financial system
Article 32
Guidelines on money laundering and terrorist financing risks, trends and methods
SECTION 3
Simplified due diligence
Article 33
Simplified due diligence measures
SECTION 4
Enhanced due diligence
Article 34
Scope of application of enhanced due diligence measures
Article 35
Countermeasures to mitigate money laundering and terrorist financing threats from outside the Union
Article 36
Specific enhanced due diligence measures for cross-border correspondent relationships
Article 37
Specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers
Article 38
Specific measures for individual third-country respondent institutions
Article 39
Prohibition of correspondent relationships with shell institutions
Article 40
Measures to mitigate risks in relation to transactions with a self-hosted address
Article 41
Specific provisions regarding applicants for residence by investment schemes
Article 42
Specific provisions regarding politically exposed persons
Article 43
List of prominent public functions
Article 44
Politically exposed persons who are beneficiaries of insurance policies
Article 45
Measures for persons who cease to be politically exposed persons
Article 46
Family members and persons known to be close associates of politically exposed persons
SECTION 5
Specific customer due diligence provisions
Article 47
Specifications for the life and other investment-related insurance sector
SECTION 6
Reliance on customer due diligence performed by other obliged entities
Article 48
General provisions relating to reliance on other obliged entities
Article 49
Process of reliance on another obliged entity
Article 50
Guidelines on reliance on other obliged entities
CHAPTER IV
BENEFICIAL OWNERSHIP TRANSPARENCY
Article 51
Identification of beneficial owners for legal entities
Article 52
Beneficial ownership through ownership interest
Article 53
Beneficial ownership through control
Article 54
Coexistence of ownership interest and control in the ownership structure
Article 55
Ownership structures involving legal arrangements or similar legal entities
Article 56
Notifications
Article 57
Identification of beneficial owners for legal entities similar to express trust
Article 58
Identification of beneficial owners for express trusts and similar legal arrangements
Article 59
Identification of a class of beneficiaries
Article 60
Identification of objects of a power and default takers in discretionary trusts
Article 61
Identification of beneficial owners of collective investment undertakings
Article 62
Beneficial ownership information
Article 63
Obligations of legal entities
Article 64
Trustee obligations
Article 65
Exceptions to obligations of legal entities and legal arrangements
Article 66
Nominee obligations
Article 67
Foreign legal entities and foreign legal arrangements
Article 68
Penalties
CHAPTER V
REPORTING OBLIGATIONS
Article 69
Reporting of suspicions
Article 70
Specific provisions for reporting of suspicions by certain categories of obliged entities
Article 71
Refraining from carrying out transactions
Article 72
Disclosure to FIU
Article 73
Prohibition of disclosure
Article 74
Threshold-based reports of transactions in certain high-value goods
CHAPTER VI
INFORMATION SHARING
Article 75
Exchange of information in the framework of partnerships for information sharing
CHAPTER VII
DATA PROTECTION AND RECORD RETENTION
Article 76
Processing of personal data
Article 77
Record retention
Article 78
Provision of records to competent authorities
CHAPTER VIII
MEASURES TO MITIGATE RISKS DERIVING FROM ANONYMOUS INSTRUMENTS
Article 79
Anonymous accounts and bearer shares and bearer share warrants
Article 80
Limits to large cash payments in exchange for goods or services
CHAPTER IX
FINAL PROVISIONS
SECTION 1
Cooperation between FIUs and the EPPO
Article 81
Cooperation between FIUs and the EPPO
Article 82
Requests for information to the EPPO
SECTION 2
Cooperation between FIUs and OLAF
Article 83
Cooperation between FIUs and OLAF
Article 84
Requests for information to OLAF
SECTION 3
Other provisions
Article 85
Exercise of the delegation
Article 86
Committee procedure
Article 87
Review
Article 88
Reports
Article 89
Relation to Directive (EU) 2015/849
Article 90
Entry into force and application
ANNEX I
Indicative list of risk variables
ANNEX II
Lower risk factors
ANNEX III
Higher risk factors
ANNEX IV
ANNEX V
ANNEX VI
Directive (EU) 2015/849 |
Directive (EU) 2024/1640 |
This Regulation |
Article 1(1) |
— |
— |
Article 1(2) |
— |
— |
Article 1(3) |
— |
Article 2(1), point (1) |
Article 1(4) |
— |
Article 2(1), point (1) |
Article 1(5) |
— |
Article 2(1), point (2) |
Article 1(6) |
— |
Article 2(1), points (1) and (2) |
Article 2(1) |
— |
Article 3 |
Article 2(2) |
— |
Article 4 |
Article 2(3) |
— |
Article 6(1) |
Article 2(4) |
— |
Article 6(2) |
Article 2(5) |
— |
Article 6(3) |
Article 2(6) |
— |
Article 6(4) |
Article 2(7) |
— |
Article 6(5) |
Article 2(8) |
— |
Article 7 |
Article 2(9) |
— |
Article 4(3) and Article 6(6) |
Article 3, point (1) |
— |
Article 2(1), point (5) |
Article 3, point (2) |
— |
Article 2(1), point (6) |
Article 3, point (3) |
— |
Article 2(1), point (4) |
Article 3, point (4) |
— |
Article 2(1), point (3) |
Article 3, point (5) |
— |
Article 2(1), point (47) |
Article 3, point (6) |
— |
Article 2(1), point (28) |
Article 3, point (6) (a) |
— |
Articles 51 to 55 |
Article 3, point (6) (b) |
— |
Article 58 |
Article 3, point (6) (c) |
— |
Article 57 |
Article 3, point (7) |
— |
Article 2(1), point (11) |
Article 3, point (8) |
— |
Article 2(1), point (22) |
Article 3, point (9) |
— |
Article 2(1), point (34) and Article 2(2) |
Article 3, point (10) |
— |
Article 2(1), point (35) and Article 2(5) |
Article 3, point (11) |
— |
Article 2(1), point (36) |
Article 3, point (12) |
— |
Article 2(1), point (40) |
Article 3, point (13) |
— |
Article 2(1), point (19) |
Article 3, point (14) |
— |
Article 2(1), point (12) |
Article 3, point (15) |
— |
Article 2(1), point (41) |
Article 3, point (16) |
— |
Article 2(1), point (17) |
Article 3, point (17) |
— |
Article 2(1), point (23) |
Article 3, point (18) |
— |
Article 2(1), point (7) |
Article 3, point (19) |
— |
— |
Article 4 |
Article 3 |
— |
Article 5 |
— |
— |
Article 6 |
Article 7 |
— |
Article 7 |
Article 8 |
— |
Article 8(1) |
— |
Article 10(1) |
Article 8(2) |
— |
Article 10(2) and (3) |
Article 8(3) |
— |
Article 9(1) |
Article 8(4) |
— |
Article 9(2) |
Article 8(5) |
— |
Article 9(2) and (3) |
Article 9 |
— |
Article 29 |
Article 10(1) |
— |
Article 79(1) |
Article 10(2) |
— |
Article 79(3) |
Article 11 |
— |
Article 19(1), (2) and (5) |
Article 12 |
— |
Article 19(7) and Article 79(2) |
Article 13(1) |
— |
Article 20(1) |
Article 13(2) |
— |
Article 20(2) |
Article 13(3) |
— |
Article 20(2) |
Article 13(4) |
— |
Article 20(4) |
Article 13(5) |
— |
Article 47 |
Article 13(6) |
— |
Article 22(4) |
Article 14(1) |
— |
Article 23(1) and (4) |
Article 14(2) |
— |
Article 23(2) |
Article 14(3) |
— |
Article 23(3) |
Article 14(4) |
— |
Article 21(1) and (2) |
Article 14(5) |
— |
Article 26(2) and (3) |
Article 15 |
— |
Article 20(2), second subparagraph and Article 33 |
Article 16 |
— |
Article 33(1) |
Article 17 |
— |
— |
Article 18(1) |
— |
Article 34(1) and (8) |
Article 18(2) |
— |
Article 34(2) |
Article 18(3) |
— |
Article 34(3) |
Article 18(4) |
— |
— |
Article 18a(1) |
— |
Article 29(4) |
Article 18a(2) |
— |
Article 29(5) and (6) and Article 35, point (a) |
Article 18a(3) |
— |
Article 29(5) and (6) and Article 35, point (b) |
Article 18a(4) |
— |
— |
Article 18a(5) |
— |
Article 29(6) |
Article 19 |
— |
Article 36 |
Article 20 |
— |
Article 9(2), Article 20(1) and Article 42(1) |
Article 20, point (a) |
— |
Article 9(2), point (a)(iii) and Article 20(1), point (g) |
Article 20, point (b) |
— |
Article 42(1) |
Article 20a |
— |
Article 43 |
Article 21 |
— |
Article 44 |
Article 22 |
— |
Article 45 |
Article 23 |
— |
Article 46 |
Article 24 |
— |
Article 39 |
Article 25 |
— |
Article 48(1) |
Article 26 |
— |
Article 48 |
Article 27 |
— |
Article 49 |
Article 28 |
— |
Article 48(3) |
Article 29 |
— |
— |
Article 30(1) |
— |
Article 63(1), (2), second subparagraph and (4) and Article 68 |
Article 30(2) |
— |
Article 63(5) |
Article 30(3) |
Article 10(1) |
— |
Article 30(4) |
Article 10(7) and (10) |
Article 24 |
Article 30(5), first subparagraph |
Article 11 and Article 12(2) |
— |
Article 30(5), second subparagraph |
Article 12(1) |
— |
Article 30(5), third subparagraph |
— |
— |
Article 30(5a) |
Article 11(4) and Article 13(12) |
— |
Article 30(6) |
Article 11(1), (2) and (3) |
— |
Article 30(7) |
Article 61(2) |
— |
Article 30(8) |
— |
Article 22(7) |
Article 30(9) |
Article 15 |
— |
Article 30(10) |
Article 10(19) and (20) |
— |
Article 31(1) |
— |
Articles 58, Article 64(1) and Article 68 |
Article 31(2) |
— |
Article 64(3) |
Article 31(3) |
— |
Article 64(5) |
Article 31(3a) |
Article 10(1), (2) and (3) |
Article 67 |
Article 31(4), first subparagraph |
Article 11 and Article 12(2) |
— |
Article 31(4), second subparagraph |
Article 12(1) |
— |
Article 31(4), third subparagraph |
— |
— |
Article 31(4), fourth subparagraph |
Article 11(2) |
— |
Article 31(4a) |
Article 11(4) and Article 13(12) |
— |
Article 31(5) |
Article 10(7) and (10) |
Article 24 |
Article 31(6) |
— |
Article 22(7) |
Article 31(7) |
Article 61(2) |
— |
Article 31(7a) |
Article 15 |
— |
Article 31(9) |
Article 10(19) and (20) |
— |
Article 31(10) |
— |
Article 58(4) |
Article 31a |
Article 17(1) |
— |
Article 32(1) |
Article 19(1) |
— |
Article 32(2) |
Article 62(1) |
— |
Article 32(3) |
Article 19(2), (3), first subparagraph, (4) and (5) |
— |
Article 32(4) |
Articles 21(1) and Article 22(1), first subparagraph |
— |
Article 32(5) |
Article 22(1), second subparagraph |
— |
Article 32(6) |
Article 22(2) |
— |
Article 32(7) |
Article 24(1) |
— |
Article 32(8) |
Article 19(3), second subparagraph |
— |
Article 32(9) |
Article 21(4) |
— |
Article 32a(1) |
Article 16(1) |
— |
Article 32a(2) |
Article 16(2) |
— |
Article 32a(3) |
Article 16(3) |
— |
Article 32a(4) |
Article 16(5) |
— |
Article 32b |
Article 18 |
— |
Article 33(1) |
— |
Article 69(1) |
Article 33(2) |
— |
Article 69(6) |
Article 34(1) |
— |
Article 70(1) |
Article 34(2) |
— |
Article 70(2) |
Article 34(3) |
Article 40(5) |
— |
Article 35 |
— |
Article 71 |
Article 36 |
Article 42 |
— |
Article 37 |
— |
Article 72 |
Article 38 |
Article 60 |
Article 11(2), fourth subparagraph, and (4), Article 14 and Article 69(7) |
Article 39 |
— |
Article 73 |
Article 40 |
— |
Article 77 |
Article 41 |
Article 70 |
Article 76 |
Article 42 |
— |
Article 78 |
Article 43 |
— |
— |
Article 44(1) |
Article 9(1) |
— |
Article 44(2) |
Article 9(2) |
— |
Article 44(3) |
— |
— |
Article 44(4) |
Article 9(3) and (6) |
— |
Article 45(1) |
— |
Article 16(1) |
Article 45(2) |
— |
Article 8(3), (4) and (5) |
Article 45(3) |
— |
Article 17(1) |
Article 45(4) |
Article 48 |
— |
Article 45(5) |
— |
Article 17(2) |
Article 45(6) |
— |
Article 17(3) |
Article 45(7) |
— |
Article 17(4) |
Article 45(8) |
— |
Article 16(3) |
Article 45(9) |
Article 41(1) |
— |
Article 45(10) |
Article 41(2) |
— |
Article 45(11) |
Article 41(3) |
— |
Article 46(1) |
— |
Articles 12 and 15 |
Article 46(2) |
Article 39(2) |
— |
Article 46(3) |
Article 28(1) |
— |
Article 46(4) |
— |
Article 11(1) |
Article 47(1) |
Article 4(1) and (2) |
— |
Article 47(2) |
Article 6(1) |
— |
Article 47(3) |
Article 6(2) |
— |
Article 48(1) |
Article 37(1) |
— |
Article 48(1a) |
Article 37(5) and Article 62(1) |
— |
Article 48(2) |
Article 37(2) and (6) |
— |
Article 48(3) |
Article 37(7) |
— |
Article 48(4) |
Article 37(1), first subparagraph, Article 46 and Article 54(4) |
— |
Article 48(5) |
Article 46(2) and (3) and Article 47 |
— |
Article 48(6) |
Article 40(1) |
— |
Article 48(7) |
Article 40(2) |
— |
Article 48(8) |
Article 40(4) |
— |
Article 48(9) |
Article 37(3) |
— |
Article 48(10) |
Article 40(3) |
— |
Article 49 |
Article 61(1) |
— |
Article 50 |
Article 63 |
— |
Article 50a |
Article 61(3) |
— |
Article 51 |
— |
— |
Article 52 |
Article 29 |
— |
Article 53 |
Article 31 |
— |
Article 54 |
Article 33 |
— |
Article 55 |
Article 34 |
— |
Article 56 |
Article 30(2) and (3) |
— |
Article 57 |
Article 35 |
— |
Article 57a(1) |
Article 67(1) |
— |
Article 57a(2) |
Article 67(2) |
— |
Article 57a(3) |
Article 67(3) |
— |
Article 57a(4) |
Article 44, Article 46(1) and Article 47(1) |
— |
Article 57a(5) |
Article 51 |
— |
Article 57b |
Article 68 |
— |
Article 58(1) |
Article 53(1) |
— |
Article 58(2) |
Article 53(2) and (3) |
— |
Article 58(3) |
Article 53(4) |
— |
Article 58(4) |
— |
— |
Article 58(5) |
Article 53(5) |
— |
Article 59(1) |
Article 55(1) |
— |
Article 59(2) |
Article 55(2) and Article 56(2) and (3) |
— |
Article 59(3) |
Article 55(3) |
— |
Article 59(4) |
Article 55(4) |
— |
Article 60(1) |
Article 58(1), (2), first subparagraph and (3) |
— |
Article 60(2) |
Article 58(2), third subparagraph |
— |
Article 60(3) |
Article 58(4) |
— |
Article 60(4) |
Article 53(6) |
— |
Article 60(5) |
Article 53(7) |
— |
Article 60(6) |
Article 53(8) |
— |
Article 61 |
Article 60 |
— |
Article 62(1) |
Article 59(1) |
— |
Article 62(2) |
Article 6(6) |
— |
Article 62(3) |
Article 59(2) |
— |
Article 63 |
— |
— |
Article 64 |
— |
Article 85 |
Article 64a |
Article 72 |
Article 86 |
Article 65 |
— |
— |
Article 66 |
— |
— |
Article 67 |
— |
— |
Article 68 |
— |
— |
Article 69 |
— |
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Annex I |
— |
Annex I |
Annex II |
— |
Annex II |
Annex III |
— |
Annex III |
Annex IV |
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