6th September 2018

5AMLD: High Value Goods

5AMLD: High Value Goods

5MLD expands the scope of legislation regarding other stores of value: art traders, for example, or those acting as intermediaries, now have AML/CFT reporting obligations and will have to perform due diligence procedures on customers. The directive specifically singles out high value works of art for the first time, by applying regulation to transactions involving art which amount to €10,000 or more.  

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