Source: AMLA final report draft
- Anti-money laundering
AMLR supplemental acts
- RTS on customer due diligence
Article 19 Identification and verification of the beneficial owner or senior managing officials in situations of low risk
This is a draft act
This text has been parsed from the AMLA final report draft as published on 30 September 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.
Earlier drafts: AMLA consultation paper draft (9 February 2026)
In situations of low risk, obliged entities may identify the beneficial owner or senior managing officials by consulting one of the following sources of information:
the information contained in the central register;
the information contained in a business or company register;
any information provided by the customer, including confirmation that the information obliged entities may already hold or that is shared within the group is adequate, accurate and up to date;
any publicly available information contained in a reliable independent open source.
To verify the identity of the beneficial owner or senior managing officials in situations of low risk, the obliged entity may consult one of the sources of information listed in paragraph 1, points (b) to (d), that was not used for identification purposes.
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Definition
parent undertaking
- for groups whose head office is located in the Union, an obliged entity that is a parent undertaking as defined in Article 2, point (9), of Directive 2013/34/EU that is not itself a subsidiary of another undertaking in the Union, provided that at least one subsidiary undertaking is an obliged entity;
- for groups whose head office is located outside of the Union, where at least two subsidiary undertakings are obliged entities established in the Union, an undertaking within that group established in the Union that:
- is an obliged entity;
- is an undertaking that is not a subsidiary of another undertaking that is an obliged entity established in the Union;
- has a sufficient prominence within the group and a sufficient understanding of the operations of the group that are subject to the requirements of this Regulation; and
- is given the responsibility of implementing group-wide requirements under Chapter II, Section 2 of this Regulation;
Definition
express trust
Definition
legal arrangement
Definition
group
Definition
beneficial owner