+Article 5 3

Article 5 3

3.   By way of derogation from Article 4(4), in the case of transfers of funds referred to in paragraph 2, point (b), of this Article, the payment service provider of the payer need not verify the information on the payer unless the payment service provider of the payer:

(a)

has received the funds to be transferred in cash or in anonymous electronic money; or

(b)

has reasonable grounds for suspecting money laundering or terrorist financing.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards