Article

Path:
Anti-Money Laundering Directive (AMLD) > CHAPTER II > SECTION 3 > Article
Title:
Article
Description:
24
Main content:

Member States shall prohibit credit institutions and financial institutions from entering into, or continuing, a correspondent relationship with a shell bank. They shall require that those institutions take appropriate measures to ensure that they do not engage in or continue correspondent relationships with a credit institution or financial institution that is known to allow its accounts to be used by a shell bank.