Article 26 AMLR – Ongoing monitoring of the business relationship and monitoring of transactions performed by customers 1.   Obliged entities shall conduct ongoing monitoring of business relationships, including transactions undertaken by the customer throughout the course of a business relationship, to ensure that those transactions are consistent with the obliged entity’s knowledge of the customer, the customer’s business activity and risk profile, and where necessary, with the information about the origin and destination of the funds and to detect those transactions that shall be made subject to a more thorough assessment pursuant to Article 69(2). Where business relationships cover more than one product or service, obliged entities shall ensure that … Continue reading Article 26 AMLRRead More →