lexiara

Recital 63

AMLD6
DIRECTIVE (EU) 2024/1640 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849 (Text with EEA relevance) · European Union

(63) Real estate is an attractive commodity for criminals to launder the proceeds of their illicit activities, as it allows the true source of the funds and the identity of the beneficial owner to be obscured. The proper and timely identification of real estate, as well as of natural persons, legal entities and legal arrangements owning real estate by FIUs and other competent authorities is important both for detecting money laundering schemes as well as for freezing and confiscation of assets, as well as for administrative freezing measures implementing targeted financial sanctions. It is therefore important that Member States provide FIUs and other competent authorities with immediate and direct access to information which allows the proper conduct of analyses and investigations into potential criminal cases involving real estate. In order to facilitate effective access, that information should be provided free of charge through a single access point, by digital means and where possible in machine-readable format. The information should include historical information, including the history of real estate ownership, the prices at which the real estate has been acquired in the past and related encumbrances over a defined period in the past in order to enable FIUs and other competent authorities in that Member State to analyse and identify any suspicious activities pertaining to real estate, including land, property transactions which could be indicative of money laundering or other types of criminality. Such historical information concerns types of information already collected when carrying out real estate property transactions. Therefore, there are no new obligations imposed upon affected persons, ensuring that the legitimate expectations of those concerned are duly respected. Given the frequently cross-border nature of criminal schemes involving real estate, it is appropriate to identify a minimum set of information that competent authorities should be able to access and share with their counterparts in other Member States.

· All articles ·

Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.