Implementation of 5th AML Directive and KYC measures : what you need to know

The French implementation of the AML 5 Directive contains important new features regarding fight against money laundering and financing of terrorism. It modifies the procedures for identifying and verifying customer identity and tightens the conditions allowing issuers of electronic money to be exempt from it, under conditions sometimes specific to French law. Risk assessment by the entities concerned and the implementation of simplified measures remain solutions to be considered in order to limit the operational impact of this transposition.


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