Article

Path:
Anti-Money Laundering Directive (AMLD) > CHAPTER II > SECTION 2 > Article
Title:
Article
Description:
15
Main content:

1.  Where a Member State or an obliged entity identifies areas of lower risk, that Member State may allow obliged entities to apply simplified customer due diligence measures.

2.  Before applying simplified customer due diligence measures, obliged entities shall ascertain that the business relationship or the transaction presents a lower degree of risk.

3.  Member States shall ensure that obliged entities carry out sufficient monitoring of the transactions and business relationships to enable the detection of unusual or suspicious transactions.