Recital 98 AMLR — REGULATION (EU) 2024/1624 OF THE EUROPEAN PARLIAMENT AND OF…

Recital 98

AMLR

REGULATION (EU) 2024/1624 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Text with EEA relevance) · European Union

(98) The requirements relating to politically exposed persons, their family members and persons known to be close associates are of a preventive and not criminal nature, and should not be interpreted as implying that politically exposed persons, their family members or close associates are involved in criminal activity. Refusing a business relationship with a person simply on the basis of a determination that they are a politically exposed person or a family member or a person known to be a close associate of a politically exposed person is contrary to the letter and spirit of this Regulation.

← Recital 97 · All articles · Recital 99 →

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