+SECTION 4 Enhanced due diligence
---+Article 34 Scope of application of enhanced due diligence measures
------+Article 34 1
------+Article 34 2
------+Article 34 3
------+Article 34 4
------+Article 34 5
------+Article 34 6
------+Article 34 7
------+Article 34 8
---+Article 35 Countermeasures to mitigate money laundering and terrorist financing threats from outside the Union
------+Article 35 (a)
------+Article 35 (b)
---+Article 36 Specific enhanced due diligence measures for cross-border correspondent relationships
------+Article 36 (a)
------+Article 36 (b)
------+Article 36 (c)
------+Article 36 (d)
------+Article 36 (e)
------+Article 36 2
---+Article 37 Specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers
------+Article 37 1
------+Article 37 2
------+Article 37 3
---+Article 38 Specific measures for individual third-country respondent institutions
------+Article 38 1
------+Article 38 2
------+Article 38 3
------+Article 38 4
------+Article 38 5
------+Article 38 6
------+Article 38 7
---+Article 39 Prohibition of correspondent relationships with shell institutions
------+Article 39 1
------+Article 39 2
---+Article 40 Measures to mitigate risks in relation to transactions with a self-hosted address
------+Article 40 1
------+Article 40 2
---+Article 41 Specific provisions regarding applicants for residence by investment schemes
---+Article 42 Specific provisions regarding politically exposed persons
------+Article 42 1
------+Article 42 2
---+Article 43 List of prominent public functions
------+Article 43 1
------+Article 43 2
------+Article 43 3
------+Article 43 4
------+Article 43 5
---+Article 44 Politically exposed persons who are beneficiaries of insurance policies
------+Article 44 (a)
------+Article 44 (b)
---+Article 45 Measures for persons who cease to be politically exposed persons
------+Article 45 1
------+Article 45 2
------+Article 45 3
---+Article 46 Family members and persons known to be close associates of politically exposed persons

SECTION 4 Enhanced due diligence

SECTION 4 Enhanced due diligence

1. Overview

,
Article 34 Scope of application of enhanced due diligence measures -
Article 35 Countermeasures to mitigate money laundering and terrorist financing threats from outside the Union

For the purposes of Articles 29 and 31, the Commission may choose from among the following countermeasures:
Article 36 Specific enhanced due diligence measures for cross-border correspondent relationships

With respect to cross-border correspondent relationships, including relationships established for securities transactions or fund transfers, involving the execution of payments with a third-country respondent institution, in addition to the customer due diligence measures laid down in Article 20, credit institutions and financial institutions shall, when entering into a business relationship, be required to:
Article 37 Specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers -
Article 38 Specific measures for individual third-country respondent institutions -
Article 39 Prohibition of correspondent relationships with shell institutions -
Article 40 Measures to mitigate risks in relation to transactions with a self-hosted address -
Article 41 Specific provisions regarding applicants for residence by investment schemes

Article 41

Specific provisions regarding applicants for residence by investment schemes

In addition to the customer due diligence measures laid down in Article 20, with respect to customers who are third-country nationals who are in the process of applying for residence rights in a Member State in exchange for any kind of investment, including transfers, purchase or renting of property, investment in government bonds, investment in corporate entities, donation or endowment of an activity contributing to the public good and contributions to the state budget, obliged entities shall, as a minimum, apply enhanced due diligence measures set out in Article 34(4), points (a), (c), (e) and (f).
Article 42 Specific provisions regarding politically exposed persons -
Article 43 List of prominent public functions -
Article 44 Politically exposed persons who are beneficiaries of insurance policies

Obliged entities shall take reasonable measures to determine whether the beneficiaries of a life or other investment-related insurance policy or, where relevant, the beneficial owner of the beneficiary are politically exposed persons. Those measures shall be taken no later than at the time of the payout or at the time of the assignment, in whole or in part, of the policy. Where there are higher risks identified, in addition to applying the customer due diligence measures laid down in Article 20, obliged entities shall:
Article 45 Measures for persons who cease to be politically exposed persons -
Article 46 Family members and persons known to be close associates of politically exposed persons

Article 46

Family members and persons known to be close associates of politically exposed persons

The measures referred to in Articles 42, 44 and 45 shall also apply to family members or persons known to be close associates of politically exposed persons.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards