+Article 74 Threshold-based reports of transactions in certain high-value goods
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Article 74 Threshold-based reports of transactions in certain high-value goods

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1. Overview

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Article 74 1

1.   Persons trading in high-value goods shall report to the FIU all transactions involving the sale of the following high-value goods when those goods are acquired for non-commercial purposes:

(a)

motor vehicles for a price of at least EUR 250 000 or the equivalent in national currency;

(b)

watercraft for a price of at least EUR 7 500 000 or the equivalent in national currency;

(c)

aircraft for a price of at least EUR 7 500 000 or the equivalent in national currency.
Article 74 2

2.   Credit institutions and financial institutions that provide services in relation to the purchase or transfer of ownership of the goods referred to in paragraph 1 shall also report to the FIU all transactions they carry out for their customers in relation to those goods.
Article 74 3

3.   Reporting pursuant to paragraphs 1 and 2 shall be carried out within the deadlines imposed by the FIU.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards