Updated 05/02/2025
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Initial Legal Act
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There is currently no Level 2 legal act based on or specifying Article 11.
QA2021_6048 - Customer Due Diligence
Status: Final
Answered: 17/03/2023
Art. 11
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AMLD 4 ToolAnti-Money Laundering Directive (AMLD 4 as amended by AMLD 5)
Article 11

Article 11 - Directive 2015/849 (AMLD 4)

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.

(30)  Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006 (see page 1 of this Official Journal).