Source: OJ L, 2024/1624, 19.6.2024

Article 41 Specific provisions regarding applicants for residence by investment schemes

Summary What does Article 41 of the Anti-money laundering regulation (AMLR) say?

This article targets a specific and high-risk customer profile: third-country nationals seeking residence rights in a Member State through investment.

It builds directly on the standard customer due diligence framework in Article 20 by mandating that obliged entities go further and apply a defined subset of enhanced due diligence measures from Article 34(4) as a minimum baseline for this category of customer.

Important points:

Apply enhanced due diligence measures — on top of standard customer due diligence — to any third-country national applying for residence rights through investment.
The obligation covers a wide range of investment types, including property transfers, government bonds, corporate investments, donations, and state budget contributions.
The enhanced measures required are those specified in Article 34(4), points (a), (c), (e) and (f), setting a clear minimum standard with no discretion to apply less.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

In addition to the customer due diligence measures laid down in Article 20, with respect to customers who are third-country nationals who are in the process of applying for residence rights in a Member State in exchange for any kind of investment, including transfers, purchase or renting of property, investment in government bonds, investment in corporate entities, donation or endowment of an activity contributing to the public good and contributions to the state budget, obliged entities shall, as a minimum, apply enhanced due diligence measures set out in Article 34(4), points (a), (c), (e) and (f).

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