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Directive 2005/60/EC of the European Parliament and of the Council (repealed)Show full title

Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (Text with EEA relevance) (repealed)

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EU Directives are published on this site to aid cross referencing from UK legislation. Since IP completion day (31 December 2020 11.00 p.m.) no amendments have been applied to this version.

  1. Introductory Text

  2. CHAPTER I SUBJECT MATTER, SCOPE AND DEFINITIONS

    1. Article 1.(1) Member States shall ensure that money laundering and terrorist...

    2. Article 2.(1) This Directive shall apply to: credit institutions; financial institutions;...

    3. Article 3.For the purposes of this Directive the following definitions shall...

    4. Article 4.(1) Member States shall ensure that the provisions of this...

    5. Article 5.The Member States may adopt or retain in force stricter...

  3. CHAPTER II CUSTOMER DUE DILIGENCE

    1. SECTION 1 General provisions

      1. Article 6.Member States shall prohibit their credit and financial institutions from...

      2. Article 7.The institutions and persons covered by this Directive shall apply...

      3. Article 8.(1) Customer due diligence measures shall comprise:

      4. Article 9.(1) Member States shall require that the verification of the...

      5. Article 10.(1) Member States shall require that all casino customers be...

    2. SECTION 2 Simplified customer due diligence

      1. Article 11.(1) By way of derogation from Articles 7(a), (b) and (d),...

      2. Article 12.Where the Commission adopts a decision pursuant to Article 40(4), the...

    3. SECTION 3 Enhanced customer due diligence

      1. Article 13.(1) Member States shall require the institutions and persons covered...

    4. SECTION 4 Performance by third parties

      1. Article 14.Member States may permit the institutions and persons covered by...

      2. Article 15.(1) Where a Member State permits credit and financial institutions...

      3. Article 16.(1) For the purposes of this Section, ‘third parties’ shall...

      4. Article 17.Where the Commission adopts a decision pursuant to Article 40(4), Member...

      5. Article 18.(1) Third parties shall make information requested in accordance with...

      6. Article 19.This Section shall not apply to outsourcing or agency relationships...

  4. CHAPTER III REPORTING OBLIGATIONS

    1. SECTION 1 General provisions

      1. Article 20.Member States shall require that the institutions and persons covered...

      2. Article 21.(1) Each Member State shall establish a FIU in order...

      3. Article 22.(1) Member States shall require the institutions and persons covered...

      4. Article 23.(1) By way of derogation from Article 22(1), Member States may,...

      5. Article 24.(1) Member States shall require the institutions and persons covered...

      6. Article 25.(1) Member States shall ensure that if, in the course...

      7. Article 26.The disclosure in good faith as foreseen in Articles 22(1) and...

      8. Article 27.Member States shall take all appropriate measures in order to...

    2. SECTION 2 Prohibition of disclosure

      1. Article 28.(1) The institutions and persons covered by this Directive and...

      2. Article 29.Where the Commission adopts a decision pursuant to Article 40(4), the...

  5. CHAPTER IV RECORD KEEPING AND STATISTICAL DATA

    1. Article 30.Member States shall require the institutions and persons covered by...

    2. Article 31.(1) Member States shall require the credit and financial institutions...

    3. Article 32.Member States shall require that their credit and financial institutions...

    4. Article 33.(1) Member States shall ensure that they are able to...

  6. CHAPTER V ENFORCEMENT MEASURES

    1. SECTION 1 Internal procedures, training and feedback

      1. Article 34.(1) Member States shall require that the institutions and persons...

      2. Article 35.(1) Member States shall require that the institutions and persons...

    2. SECTION 2 Supervision

      1. Article 36.(1) Member States shall provide that currency exchange offices and...

      2. Article 37.(1) Member States shall require the competent authorities at least...

    3. SECTION 3 Cooperation

      1. Article 38.The Commission shall lend such assistance as may be needed...

    4. SECTION 4 Penalties

      1. Article 39.(1) Member States shall ensure that natural and legal persons...

  7. CHAPTER VI IMPLEMENTING MEASURES

    1. Article 40.(1) In order to take account of technical developments in...

    2. Article 41.(1) The Commission shall be assisted by a Committee on...

  8. CHAPTER VII FINAL PROVISIONS

    1. Article 42.By 15 December 2009, and at least at three-yearly intervals thereafter,...

    2. Article 43.By 15 December 2010, the Commission shall present a report to...

    3. Article 44.Directive 91/308/EEC is hereby repealed. References made to the repealed...

    4. Article 45.(1) Member States shall bring into force the laws, regulations...

    5. Article 46.This Directive shall enter into force on the 20th day...

    6. Article 47.This Directive is addressed to the Member States.

  9. Signature

    1. ANNEX

      CORRELATION TABLE

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