EU Anti-Money Laundering Regulation (AMLR) — Regulation (EU) 2024/1624

The EU Anti-Money Laundering Regulation (AMLR), officially Regulation (EU) 2024/1624 of the European Parliament and of the Council, is the first directly applicable EU rulebook for anti- Money laundering and countering the financing of terrorism (AM/CFT). Adopted on 31 May 2024, it replaces fragmented national rules with a single, uniform set of obligations applicable across all 27 EU Member States from 10 July 2027.

 

CHAPTER I
GENERAL PROVISIONS
Article 1 Subject matter
Article 2 Definitions
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
Article 8 Notification of cross-border operations and application of national law
CHAPTER II
INTERNAL POLICIES, PROCEDURES AND CONTROLS OF OBLIGED ENTITIES
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
Article 16 Group-wide requirements
Article 17 Branches and subsidiaries in third countries
Article 18 Outsourcing
CHAPTER III
CUSTOMER DUE DILIGENCE
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
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
Article 33 Simplified due diligence measures
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
Article 47 Specifications for the life and other investment-related insurance sector
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
Article 81 Cooperation between FIUs and the EPPO
Article 82 Requests for information to the EPPO
Article 83 Cooperation between FIUs and OLAF
Article 84 Requests for information to OLAF
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
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