Article 1 Definitions

This is a draft act

This text has been parsed from the AMLA final report draft as published on 30 September 2026. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.

Earlier drafts: AMLA consultation paper draft (9 February 2026)

Summary What does Article 1 of the RTS on criteria for business relationships and occasional transactions say?

This is a short definitional article that supplements existing definitions already established in Regulation (EU) 2024/1624 and Directive (EU) 2024/1640.

Its sole purpose is to introduce one specific term — "occasional transaction" — to be used throughout this Regulation.

The definition is deliberately constructed in contrast to the concept of a "business relationship," anchoring it to a definition found in the parent Regulation (EU) 2024/1624.

In other words, Article 1 sets the terminological foundation that Articles 2 and 3 then build upon when distinguishing between these two types of customer interactions.

Important points:

This article adds one definition — "occasional transaction" — to the definitional framework already set out in Regulation (EU) 2024/1624 and Directive (EU) 2024/1640.
An occasional transaction is defined as a transaction, or a service connected to a transaction, that does not form part of a business relationship.
The definition of "occasional transaction" is directly dependent on the definition of "business relationship" in Article 2(1), point (19), of Regulation (EU) 2024/1624.

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

1. For the purpose of this Regulation, in addition to the definitions set out in Article 2(1) of Regulation (EU) 2024/1624 and Article 2 of Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849(⁶), the following definition shall apply:
1. ‘Occasional transaction’ means a transaction or the provision of services connected to a transaction not carried out as part of a business relationship as defined in Article 2(1), point (19), of Regulation (EU) 2024/1624.

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Article 1 Definitions

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