Art. 26 Additional information on the intended nature of the business relationship | RTS on customer due diligence | AML

1. For the purposes of Article 34(4), point (b), of Regulation (EU) 2024/1624, obliged entities shall obtain one or more of the following additional information on the intended nature of the business relationshipmeans a business, professional or commercial relationship connected with the professional activities of an obliged entity, which is set up between an obliged entity and a customer, including in the absence of a written contract and which is expected to have, at the time when the contact is established, or which subsequently acquires, an element of repetition or duration; that will allow them to:
  1. be satisfied that the information they hold is authentic and accurate when it comes to information on the intended nature of the business relationshipmeans a business, professional or commercial relationship connected with the professional activities of an obliged entity, which is set up between an obliged entity and a customer, including in the absence of a written contract and which is expected to have, at the time when the contact is established, or which subsequently acquires, an element of repetition or duration;; or
  2. be satisfied that the destination of fundsor ‘property’ means property as defined in Article 2, point (2), of Directive (EU) 2018/1673; is consistent with the stated nature of the business relationshipmeans a business, professional or commercial relationship connected with the professional activities of an obliged entity, which is set up between an obliged entity and a customer, including in the absence of a written contract and which is expected to have, at the time when the contact is established, or which subsequently acquires, an element of repetition or duration; or occasional transaction and the customer’s risk profile; or
  3. assess that the expected number, size, type, volume and frequency of transactions that are expected to be performed are consistent with the declared business activity, source of fundsor ‘property’ means property as defined in Article 2, point (2), of Directive (EU) 2018/1673; or source of wealth of the customer.
1. For the purposes of points (a) to (c) of paragraph 1, information to be obtained by obliged entities may consist of additional information on the customer’s key customers, contracts, business partners, associates or the occasional transaction, including, where relevant, the beneficial ownermeans any natural person who ultimately owns or controls a legal entity or an express trust or similar legal arrangement;’s business partners or associates.