Art. 23 Additional information on the source of funds and source of wealth of the customer and of the beneficial owners | RTS on customer due diligence | AML

This article supports the enhanced due diligence framework established under Article 34(4) of Regulation (EU) 2024/1624 by specifying what types of documentary evidence obliged entities can use to satisfy themselves that a customer's source of funds or source of wealth is lawful.

Rather than prescribing a rigid list, the article provides a broad catalogue of acceptable evidence types — spanning income proof, financial statements, property documentation, inheritance records, and information from reputable external sources — giving obliged entities flexibility in how they gather this assurance.

Important points:

Collect documentary evidence to confirm that a customer's source of funds and source of wealth are lawful as part of enhanced due diligence obligations.
Acceptable evidence spans a wide range of document types, from tax declarations and payslips to public deeds, inheritance documentation, and information from reputable media or commercial analytical services.
Any additional information gathered must provide a high degree of reassurance that the source of funds and wealth are lawful and consistent with your knowledge of the customer and the nature of the business relationship.

For the purposes of Article 34(4), point (c), of Regulation (EU) 2024/1624, that additional information shall enable obliged entities to be satisfied that the source of funds or source of wealth is lawful. Such information may include:
1. in relation to proof of income:
  tax declarations, tax assessment notices or other equivalent official documentation issued by, filed with or acknowledged by the competent tax authority;
  recent payslips or employment documentation specifying at least the amount of salary;
  other official income statements;
2. audited financial statements, investment documentation, credit facility agreements and loan agreements;
3. in the case of immovable property, public deeds or extracts from the property or residents register;
4. inheritance, gifts and legal settlements documentation, documentation from certified independent professionals or public authorities;
5. a property transfer contract or confirmation of change of ownership;
6. information from reliable asset or public registers;
7. information from reputable media publications or reputable commercially available service providers, including analytical services;
8. any other relevant information from independent and reliable sources, providing a high degree of reassurance that the customer’s and beneficial owners’ source of funds, and source of wealth are lawful and are consistent with the obliged entities’ knowledge of the customer and the nature of the business relationship.

Article 23 Additional information on the source of funds and source of wealth of the customer and of the beneficial owners

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