Article

Path:
Anti-Money Laundering Directive (AMLD) > CHAPTER II > SECTION 1 > Article
Title:
Article
Description:
10
Main content:

1.  Member States shall prohibit their credit institutions and financial institutions from keeping anonymous accounts, anonymous passbooks or anonymous safe-deposit boxes. Member States shall, in any event, require that the owners and beneficiaries of existing anonymous accounts, anonymous passbooks or anonymous safe-deposit boxes be subject to customer due diligence measures no later than 10 January 2019 and in any event before such accounts, passbooks or deposit boxes are used in any way.

2.  Member States shall take measures to prevent misuse of bearer shares and bearer share warrants.