Article 24 Information on the reasons for the intended or performed transactions and their consistency with the business relationship

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)

Information collected for the purposes of Article 34(4), point (d), of Regulation (EU) 2024/1624, shall allow obliged entities to further scrutinise the intended or performed transactions. Such scrutiny may include:
1. the extent to which the reason provided for the transaction is credible and in line with the obliged entity’s knowledge of the customer, such as with regard to the customer’s declared business activity, source of funds or source of wealth;
2. the consistency of the overall transactions performed during the business relationship with the activities carried out and the customer’s turnover, especially in the case of economic activities characterised by the use of assets representing higher money laundering / terrorism financing risks;
3. information to clarify any higher risks the obliged entity may have identified in respect of the parties involved in the transaction, including any intermediaries, and their relationship with the customer.

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Article 24 Information on the reasons for the intended or performed transactions and their consistency with the business relationship

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