Article 21 Minimum requirements for the identification and verification of beneficial owner or senior managing officials in situations of low risk

This is a draft act

This text has been parsed from the AMLA consultation paper draft as published on 9 February 2026. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.

1. To identify the beneficial ownermeans any natural person who ultimately owns or controls a legal entity or an express trust or similar legal arrangement; or senior managing officials in situations of low risk, obliged entities shall consult one of the following sources of information:
  1. the information contained in the central register, business or company register;
  2. any information provided by the customer, including information that obliged entities may already hold;
  3. any publicly available information contained in a reliable independent open source.
1. To verify the identity of the beneficial ownermeans any natural person who ultimately owns or controls a legal entity or an express trust or similar legal arrangement; or senior managing officials in situations of low risk, the obliged entity shall consult one of the sources of information listed in paragraph (1), points (b) or (c), that was not used for identification purposes.

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