+Article 25 Identification of the purpose and intended nature of a business relationship or occasional transaction
---+Article 25 (a)
---+Article 25 (b)
---+Article 25 (c)
---+Article 25 (d)
---+Article 25 (e)
---+Article 25 2

Article 25 Identification of the purpose and intended nature of a business relationship or occasional transaction

Before entering into a business relationship or performing an occasional transaction, an obliged entity shall assure itself that it understands its purpose and intended nature. To that end, the obliged entity shall obtain, where necessary, information on:

1. Overview

,
Article 25 (a)

the purpose and economic rationale of the occasional transaction or business relationship;
Article 25 (b)

the estimated amount of the envisaged activities;
Article 25 (c)

the source of funds;
Article 25 (d)

the destination of funds;
Article 25 (e)

the business activity or the occupation of the customer.
Article 25 2

For the purposes of the first paragraph, point (a), of this Article, obliged entities covered by Article 74 shall collect information in order to determine whether the intended use of high value goods referred to in that Article is for commercial or non-commercial purposes.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards