ANNEX III AMLR – Higher risk factors The following is a non-exhaustive list of factors and types of evidence of potentially higher risk referred to in Article 20: (1) Customer risk factors:(a)the business relationship or occasional transaction is conducted in unusual circumstances;(b)customers that are resident in geographical areas of higher risk as set out in point (3);(c)legal persons or legal arrangements that are personal asset-holding vehicles;(d)corporate entities that have nominee shareholders or shares in bearer form;(e)businesses that are cash-intensive;(f)the ownership structure of the company appears unusual or excessively complex given the nature of the company’s business;(g)customer is a third-country national who applies for residence rights in a Member State in exchange … Continue reading ANNEX III AMLRRead More →