Article 18 AMLR – Outsourcing 1.   Obliged entities may outsource tasks resulting from this Regulation to service providers. The obliged entity shall notify the supervisor of the outsourcing before the service provider starts to carry out the outsourced task. 2.   When performing tasks under this Article, service providers shall be regarded as part of the obliged entity, including where they are required to consult the central registers referred to in Article 10 of Directive (EU) 2024/1640 (‘central registers’) for the purposes of carrying out customer due diligence on behalf of the obliged entity. The obliged entity shall remain fully liable for any action, whether an act of commission or … Continue reading Article 18 AMLRRead More →