EU regulatory register · AMLR
Article 88Reports
CELEX 32024R1624 · Read on 2026-08-22
Short answer
By 10 July 2030, the Commission shall submit reports to the European Parliament and to the Council assessing the necessity and proportionality of:
Verbatim from the article. Source: NovaCopilot · https://legal.exploreworldai.com/eu/rattsakter/penningtvatt-2024-1624/artikel-88 · Short answer as data · Official text
Anti-money laundering (AMLR) in short
Obliged entities must know their customers, identify beneficial owners and report suspicious transactions. Cash over EUR 10,000 is banned.
- Who is a beneficial owner?
- When must a suspicious transaction be reported?
- Does the EUR 10,000 cash limit apply to everyone?
Source: NovaCopilot
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
By 10 July 2030, the Commission shall submit reports to the European Parliament and to the Council assessing the necessity and proportionality of:
(a)
lowering the 25 % threshold for the identification of beneficial ownership of legal entities through ownership interest;
(b)
extending the scope of high-value goods to include high-value garments and accessories;
(c)
extending the scope of the threshold-based disclosures under Article 74 to cover the sale of other goods, of introducing harmonised formats for the reporting of those transactions based on the usefulness of those reports for FIUs, and of extending the scope of information collected from persons trading in free-trade zones;
(d)
adjusting the limit for large cash payments.
Follow-up questions
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
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