Source: OJ L, 2024/1624, 19.6.2024

Artikel 1 Gegenstand

Summary What does Article 1 of the Anti-money laundering regulation (AMLR) say?

This is the foundational scope article of the regulation.

It sets out the three broad areas the regulation governs: the AML/CFT obligations on obliged entities, the transparency of who ultimately owns or controls legal entities and arrangements, and the restriction of anonymous financial instruments.

Everything that follows in the regulation flows from these three pillars.

Important points:

Apply measures to prevent money laundering and terrorist financing as an obliged entity under this regulation.
Beneficial ownership transparency requirements apply to legal entities, express trusts, and similar legal arrangements.
The regulation introduces measures to limit the misuse of anonymous instruments.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Mit dieser Verordnung wird Folgendes geregelt:

die Maßnahmen, die Verpflichtete anzuwenden haben, um Geldwäsche und Terrorismusfinanzierung zu verhindern;
die Anforderungen für die Transparenz des wirtschaftlichen Eigentums bei juristischen Personen, Express Trusts und ähnlichen Rechtsvereinbarungen;
die Maßnahmen zur Eindämmung des Missbrauchs anonymer Instrumente.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.