DIRECTIVE (EU) 2015/849 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC (Text with EEA relevance)

public companies listed on a stock exchange and subject to disclosure requirements (either by stock exchange rules or through law or enforceable means), which impose requirements to ensure adequate transparency of beneficial ownership;

public administrations or enterprises;

customers that are resident in geographical areas of lower risk as set out in point (3);

life insurance policies for which the premium is low;

insurance policies for pension schemes if there is no early surrender option and the policy cannot be used as collateral;

a pension, superannuation or similar scheme that provides retirement benefits to employees, where contributions are made by way of deduction from wages, and the scheme rules do not permit the assignment of a member's interest under the scheme;

financial products or services that provide appropriately defined and limited services to certain types of customers, so as to increase access for financial inclusion purposes;

products where the risks of money laundering and terrorist financing are managed by other factors such as purse limits or transparency of ownership (e.g. certain types of electronic money);

Member States;

third countries having effective AML/CFT systems;

third countries identified by credible sources as having a low level of corruption or other criminal activity;

third countries which, on the basis of credible sources such as mutual evaluations, detailed assessment reports or published follow-up reports, have requirements to combat money laundering and terrorist financing consistent with the revised FATF Recommendations and effectively implement those requirements.

the business relationship is conducted in unusual circumstances;

customers that are resident in geographical areas of higher risk as set out in point (3);

legal persons or arrangements that are personal asset-holding vehicles;

companies that have nominee shareholders or shares in bearer form;

businesses that are cash-intensive;

the ownership structure of the company appears unusual or excessively complex given the nature of the company's business;

customer is a third country national who applies for residence rights or citizenship in the Member State in exchange of capital transfers, purchase of property or government bonds, or investment in corporate entities in that Member State.

private banking;

products or transactions that might favour anonymity;

non-face-to-face business relationships or transactions, without certain safeguards, such as electronic identification means, relevant trust services as defined in Regulation (EU) No 910/2014 or any other secure, remote or electronic, identification process regulated, recognised, approved or accepted by the relevant national authorities;

payment received from unknown or unassociated third parties;

new products and new business practices, including new delivery mechanism, and the use of new or developing technologies for both new and pre-existing products;

transactions related to oil, arms, precious metals, tobacco products, cultural artefacts and other items of archaeological, historical, cultural and religious importance, or of rare scientific value, as well as ivory and protected species.

without prejudice to Article 9, countries identified by credible sources, such as mutual evaluations, detailed assessment reports or published follow-up reports, as not having effective AML/CFT systems;

countries identified by credible sources as having significant levels of corruption or other criminal activity;

countries subject to sanctions, embargos or similar measures issued by, for example, the Union or the United Nations;

countries providing funding or support for terrorist activities, or that have designated terrorist organisations operating within their country.