Article 5 Information sharing within groups whose head office is in the Union and have branches or subsidiaries in third countries

An obliged entity that has established a subsidiary or a branch in a third countrymeans any jurisdiction, independent state or autonomous territory that is not part of the Union and that has its own AML/CFT legislation or enforcement regime; and obliged entities of the groupmeans a group of undertakings which consists of a parent undertaking, its subsidiaries, as well as undertakings linked to each other by a relationship within the meaning of Article 22 of Directive 2013/34/EU; located in the Union shall be able to receive the information listed in Article 4 of this Regulation from branches or subsidiaries in third countriesmeans any jurisdiction, independent state or autonomous territory that is not part of the Union and that has its own AML/CFT legislation or enforcement regime; subject to any restrictions or prohibitions of sharing of information under the law of that country.

The sharing of information between a subsidiary or a branch in a third countrymeans any jurisdiction, independent state or autonomous territory that is not part of the Union and that has its own AML/CFT legislation or enforcement regime; with an obliged entity in the Union shall comply with the requirements set out in Section 4 of this Regulation.