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Home Anti-Money Laundering Fourth Anti-Money Laundering Directive (AMLD4)

Chapter II · CUSTOMER DUE DILIGENCE  ›  Section 1 · General provisions › Article 11

Member States shall ensure that obliged entities apply customer due diligence measures in the following circumstances:

(a)

when establishing a business relationship;

(b)

when carrying out an occasional transaction that:

(i)

amounts to EUR 15 000 or more, whether that transaction is carried out in a single operation or in several operations which appear to be linked; or

(ii)

constitutes a transfer of funds, as defined in point (9) of Article 3 of Regulation (EU) 2015/847 of the European Parliament and of the Council (30), exceeding EUR 1 000;

(c)

in the case of persons trading in goods, when carrying out occasional transactions in cash amounting to EUR 10 000 or more, whether the transaction is carried out in a single operation or in several operations which appear to be linked;

(d)

for providers of gambling services, upon the collection of winnings, the wagering of a stake, or both, when carrying out transactions amounting to EUR 2 000 or more, whether the transaction is carried out in a single operation or in several operations which appear to be linked;

(e)

when there is a suspicion of money laundering or terrorist financing, regardless of any derogation, exemption or threshold;

(f)

when there are doubts about the veracity or adequacy of previously obtained customer identification data.

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