Scope of application

Competent authorities as defined in point (36) of Article 3(1) of Directive 2013/36/EU and in point (5) of Article 3(1) of Directive (EU) 2019/2034 should apply these guidelines at the individual and consolidated level referred to in Article 110 of Directive 2013/36/EU.

Authorities entrusted with the public duty of supervising the obliged entities listed in points (1) and (2) of Article 2(1) of Directive (EU) 2015/849 for compliance with that Directive should apply these guidelines, both at individual level, and at the group-wide level set out in Article 48 (5)of Directive (EU) 2015/849¹⁶ .

¹⁶ Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC (OJ L 141, 5.6.2015, p. 73).