Art. 88 Reports | Anti-money laundering regulation (AMLR) | AML

This article places an obligation on the Commission to submit reports to the European Parliament and the Council by 10 July 2030, evaluating whether certain thresholds, scopes, and limits within the regulation remain appropriate.

It sits alongside Article 87, which sets out a broader periodic review of the regulation as a whole, but Article 88 is narrower and more targeted, focusing on four specific areas where the current rules may need to be recalibrated over time.

Important points:

The Commission is required to submit reports to the European Parliament and the Council by 10 July 2030 on the four areas identified.
The reports cover: the 25% beneficial ownership threshold, the scope of high-value goods, the threshold-based disclosure rules under Article 74 including free-trade zone reporting, and the large cash payment limit.
The reports assess necessity and proportionality only — no changes to the rules are mandated by this article itself.

By 10 July 2030, the Commission shall submit reports to the European Parliament and to the Council assessing the necessity and proportionality of:

lowering the 25 % threshold for the identification of beneficial ownership of legal entities through ownership interest;
extending the scope of high-value goods to include high-value garments and accessories;
extending the scope of the threshold-based disclosures under Article 74 to cover the sale of other goods, of introducing harmonised formats for the reporting of those transactions based on the usefulness of those reports for FIUs, and of extending the scope of information collected from persons trading in free-trade zones;
adjusting the limit for large cash payments.