Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC (Text with EEA relevance)
Print Options
PrintThe Whole
Directive
PrintThis
Annex
only
Status:
This is the original version (as it was originally adopted).
ANNEX II
The following is a non-exhaustive list of factors and types of evidence of potentially lower risk referred to in Article 16:
(1)
Customer risk factors:
(a)
public companies listed on a stock exchange and subject to disclosure requirements (either by stock exchange rules or through law or enforceable means), which impose requirements to ensure adequate transparency of beneficial ownership;
(b)
public administrations or enterprises;
(c)
customers that are resident in geographical areas of lower risk as set out in point (3);
(2)
Product, service, transaction or delivery channel risk factors:
(a)
life insurance policies for which the premium is low;
(b)
insurance policies for pension schemes if there is no early surrender option and the policy cannot be used as collateral;
(c)
a pension, superannuation or similar scheme that provides retirement benefits to employees, where contributions are made by way of deduction from wages, and the scheme rules do not permit the assignment of a member's interest under the scheme;
(d)
financial products or services that provide appropriately defined and limited services to certain types of customers, so as to increase access for financial inclusion purposes;
(e)
products where the risks of money laundering and terrorist financing are managed by other factors such as purse limits or transparency of ownership (e.g. certain types of electronic money);
(3)
Geographical risk factors:
(b)
third countries having effective AML/CFT systems;
(c)
third countries identified by credible sources as having a low level of corruption or other criminal activity;
(d)
third countries which, on the basis of credible sources such as mutual evaluations, detailed assessment reports or published follow-up reports, have requirements to combat money laundering and terrorist financing consistent with the revised FATF Recommendations and effectively implement those requirements.
Back to top