14. In Guideline 4.60, point a) is replaced by the following: ‘a) they differ from the transactions …

In Guideline 4.60, point a) is replaced by the following:

‘a) they differ from the transactions the firm would normally expect based on its knowledge of the customer the business relationship or the category to which the customer belongs, ei-ther in the amount or frequency or complexity or similar, including when transactions are larger or more frequent than usual or for transactions involving small amounts that are unu-sually frequent, or where there are successive transactions without an obvious economic ra-tionale, such as transactions that are split up to circumvent reporting limits or align unusual transactions with the normally expected behaviour and patterns as supported by information gathered during the on-boarding procedure and the ongoing monitoring of the business rela-tionship.’

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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