Directive (EU) 2015/849 of the European Parliament and of the CouncilShow full title

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(1), 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.

(1)

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).