Source: AMLA final report draft
- Anti-money laundering
AMLR supplemental acts
- RTS on group-wide minimum requirements and additional measures for third-country subsidiaries and branches
Article 7 Minimum Actions
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 (16 April 2026)
Where the parent undertaking in the Union or an obliged entity with branches or subsidiaries located in third countries identifies that the law of a third country does not permit or restricts the application of Regulation (EU) 2024/1624, it shall at least perform the following minimum actions:
inform the supervisor without undue delay, and, in any case no later than 28 calendar days from the identification of the legal impediment, of the following:
the name of the country concerned;
how the application of the law of the third country concerned does not permit or restricts the application of Regulation (EU) 2024/1624
ensure that those branches or subsidiaries require their customers and, where applicable, their customers’ beneficial owners, to provide consent to overcome the restrictions or prohibitions referred to in point (a), to the extent that this is compatible with the law of the third country and Regulation (EU) 2024/1624.
In cases where the consent referred to in point (b) of paragraph 1 is not feasible, the parent undertaking or the obliged entity shall ensure that the branch or subsidiary established in the third country applies additional measures as set out in points (a) to (l) of Article 8 of this Regulation.
Where the parent undertaking in the Union or an obliged entity cannot effectively manage the money laundering and terrorist financing risks by applying the measures referred to in paragraph 2, it shall ensure that the branch or subsidiary established in the third country implements such additional measures as necessary, appropriate and proportionate to effectively manage those legal impediments.
The parent undertaking in the Union or the obliged entity shall select and determine the extent of the additional measures referred to in paragraphs 2 and 3 using a risk-based approach, shall without undue delay inform the supervisor of the additional measures taken and shall provide an assessment of their appropriateness in view of the money laundering risks, terrorist financing risks and the risk of the non-implementation or evasion of targeted financial sanctions.
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Definition
supervisor
Definition
funds or other assets
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
property
Definition
express trust
Definition
legal arrangement
Definition
terrorist financing
Definition
targeted financial sanctions
Definition
group
Definition
money laundering
Definition
third country
Definition
funds
Definition
beneficial owner