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
PrintThe Whole
Chapter
PrintThe Whole
Section
PrintThis
Article
only
Status:
This is the original version (as it was originally adopted).
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(), 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.
Back to top