Chapter 5 - 5th AMLD

Question 1

Extended scope of persons subject to AML obligations

Answer 1

• Anyone providing advice on tax matters
• Real estate agents acting as intermediaries in rentals (for >10k pm rent)
• Art traders (>10k)
• Virtual currency exchanges

Question 2

Beneficial ownership

Answer 2

Public beneficial ownership register

Question 3

Centralised Bank Account Registers

Answer 3

Need to be stablished in member states

Question 4

Prepaid card

Answer 4

• Lower monhly txn limit and max amount stored without customer due diligence to EUR 150
• Lower online txn limit to EUr 50
• Prohibit prepaid cards issued outside EU, unless issued in country with similar rules to 5AMLD

Question 5

Examples for transaction types now included as high risk txns

Answer 5

Oil, arms, precious metal, ivory, protected species