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Policy III - Providers Guidelines on due diligence obligations with respect to clients and their beneficial owners

Abstract

The Guidelines help clarify the due diligence obligations with respect to clients and their beneficial owners set out in Article L. 561-4-1 and following of the Monetary and Financial Code, taking into account the key contributions of the Fourth Directive, in particular strengthening the risk-based approach, the distinction between identifying and verifying the identity of customers, new developments concerning measures for verifying identity, and the introduction of the concept of beneficial owner as a last resort. Special attention is also paid to the use of third-party introduction and outsourcing to comply with AML/CFT obligations.

Table des matières de la doctrine

Legal information
Head of publications: The Executive Director of AMF Communication Directorate.
Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02