Article 35 AMLR – Countermeasures to mitigate money laundering and terrorist financing threats from outside the Union For the purposes of Articles 29 and 31, the Commission may choose from among the following countermeasures: (a) countermeasures that obliged entities are to apply to persons and legal entities involving high-risk third countries and, where relevant, other countries posing a threat to the Union’s financial system consisting in:(i)the application of additional elements of enhanced due diligence;(ii)the introduction of enhanced relevant reporting mechanisms or systematic reporting of financial transactions;(iii)the limitation of business relationships or transactions with natural persons or legal entities from those third countries; (b) countermeasures that Member States are … Continue reading Article 35 AMLRRead More →