Artikel 87 Überprüfung

This is a review and reporting article, placing an obligation on the Commission to periodically assess how the Regulation is working in practice.

Starting from 10 July 2032, and then on a three-yearly cycle, the Commission must submit a report to the European Parliament and the Council.

The first such review has a defined scope, covering two specific areas: the functioning of national suspicious transaction reporting systems and the effectiveness of the beneficial ownership transparency framework.

Important points:

• The Commission is required to review the application of this Regulation and report to the European Parliament and the Council by 10 July 2032, and every 3 years thereafter.
• The first review must assess national suspicious transaction reporting systems, including obstacles and opportunities for a single Union-level reporting system.
• The first review must also assess whether the beneficial ownership transparency framework adequately mitigates risks associated with legal entities and legal arrangements.