Source: OJ L, 2024/1624, 19.6.2024

Article premier Objet

Summary What does Article 1 of the Anti-money laundering regulation (AMLR) say?

This is the foundational scope article of the regulation.

It sets out the three broad areas the regulation governs: the AML/CFT obligations on obliged entities, the transparency of who ultimately owns or controls legal entities and arrangements, and the restriction of anonymous financial instruments.

Everything that follows in the regulation flows from these three pillars.

Important points:

Apply measures to prevent money laundering and terrorist financing as an obliged entity under this regulation.
Beneficial ownership transparency requirements apply to legal entities, express trusts, and similar legal arrangements.
The regulation introduces measures to limit the misuse of anonymous instruments.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Le présent règlement établit des règles concernant:

les mesures à mettre en œuvre par les entités assujetties pour prévenir le blanchiment de capitaux et le financement du terrorisme;
les exigences de transparence en ce qui concerne les bénéficiaires effectifs pour les entités juridiques, les trusts exprès et les constructions juridiques similaires;
les mesures visant à limiter l’utilisation abusive des instruments anonymes.

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