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risk factors","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"amlr/annex/ii/heading/1","kind":"heading","status":"in_force","label":null,"heading":null,"text":"Lower risk factors","marks":[],"revision":1,"text_hash":"6e0f7e04721eea8d92ee4f7a24659533febdf9f5f06ae1e0bf2bf0a880d835e0","reason":null},{"locator":"amlr/annex/ii/subpara/2","kind":"subparagraph","status":"in_force","label":null,"heading":null,"text":"The following is a non-exhaustive list of factors and types of evidence of potentially lower risk referred to in Article 20:","marks":[],"revision":1,"text_hash":"b999c240588d9005a994d5d97e955770022f3ffc474342333d168dfe3d0b5e1b","reason":null},{"locator":"amlr/annex/ii/pt/3","kind":"point","status":"in_force","label":"(3)","heading":null,"text":"Customer risk factors:","marks":[],"revision":1,"text_hash":"b212e7cae85ec2396341ef6a290edcfd57526c596535c599944aae8f0d400c07","reason":null},{"locator":"amlr/annex/ii/pt/3/pt/1","kind":"point","status":"in_force","label":"(1)","heading":null,"text":"public companies listed on a stock exchange and subject to disclosure requirements (either by stock exchange rules or through law or enforceable means), which impose requirements to ensure adequate transparency of beneficial ownership;","marks":[],"revision":1,"text_hash":"e82722eff65d33c5a51c5e7e926da2d2f0778e2a0e5086dedfa2c5669463b5c5","reason":null},{"locator":"amlr/annex/ii/pt/3/pt/2","kind":"point","status":"in_force","label":"(2)","heading":null,"text":"public administrations or enterprises;","marks":[],"revision":1,"text_hash":"597cb197adb8842653aef528ddd75b752bf5cd52a4b6143a8781e3ceacee0b51","reason":null},{"locator":"amlr/annex/ii/pt/3/pt/3","kind":"point","status":"in_force","label":"(3)","heading":null,"text":"customers that are resident in geographical areas of lower risk as set out in point (3);","marks":[],"revision":1,"text_hash":"d908207dc5e9fa2f328404286044db788e523ca160704b5fe5b26acea9091d47","reason":null},{"locator":"amlr/annex/ii/pt/4","kind":"point","status":"in_force","label":"(4)","heading":null,"text":"Product, service, transaction or delivery channel risk factors:","marks":[],"revision":1,"text_hash":"4ba68937df51887b11381138f6acb2ae36a54bf4b5759f8d3db46a3c00cc65ba","reason":null},{"locator":"amlr/annex/ii/pt/4/pt/1","kind":"point","status":"in_force","label":"(1)","heading":null,"text":"life insurance policies for which the premium is low;","marks":[],"revision":1,"text_hash":"3ce2d8432f56f855df3790fbc2354a81c16f0c120e5f9115ca98187a352d3f5b","reason":null},{"locator":"amlr/annex/ii/pt/4/pt/2","kind":"point","status":"in_force","label":"(2)","heading":null,"text":"insurance policies for pension schemes if there is no early surrender option and the policy cannot be used as collateral;","marks":[],"revision":1,"text_hash":"a1c7f7423b64274b2e6007e0b367e666fd7abca10e8ffebe1c2f445947691789","reason":null},{"locator":"amlr/annex/ii/pt/4/pt/3","kind":"point","status":"in_force","label":"(3)","heading":null,"text":"a pension, superannuation or similar scheme that provides retirement benefits to employees, where contributions are made by way of deduction from wages, and the scheme rules do not permit the assignment of a member’s interest under the scheme;","marks":[],"revision":1,"text_hash":"c193f20eed03355fa6ac25c6c1a2c731231c38bc54c2eb2fbdc0acb44a0409ae","reason":null},{"locator":"amlr/annex/ii/pt/4/pt/4","kind":"point","status":"in_force","label":"(4)","heading":null,"text":"financial products or services that provide appropriately defined and limited services to certain types of customers, so as to increase access for financial inclusion purposes;","marks":[],"revision":1,"text_hash":"de00b61a30c76afb9b2c03cfc8b6f33817191502bcbf1639312265912ba494fd","reason":null},{"locator":"amlr/annex/ii/pt/4/pt/5","kind":"point","status":"in_force","label":"(5)","heading":null,"text":"products where the risks of money laundering and terrorist financing are managed by other factors such as purse limits or transparency of ownership (e.g. certain types of electronic money);","marks":[],"revision":1,"text_hash":"42a292e18cb02adfb2da09bf0054462ae7fc4da1f0be0095e4139e3287138acb","reason":null},{"locator":"amlr/annex/ii/pt/5","kind":"point","status":"in_force","label":"(5)","heading":null,"text":"Geographical risk factors — registration, establishment, residence in:","marks":[],"revision":1,"text_hash":"1a69c5163d46e9fe77fb23580372da9e84b1a0e4a5b3bc2acd0669fafe7f4d7a","reason":null},{"locator":"amlr/annex/ii/pt/5/pt/1","kind":"point","status":"in_force","label":"(1)","heading":null,"text":"Member States;","marks":[],"revision":1,"text_hash":"d05c13dd7305b8e1403fe54096b91046810bc6cd9c10475227ffcea3dd29340d","reason":null},{"locator":"amlr/annex/ii/pt/5/pt/2","kind":"point","status":"in_force","label":"(2)","heading":null,"text":"third countries having effective AML/CFT systems;","marks":[],"revision":1,"text_hash":"a6dac7d8837c18beb30999d87f85350a0db6de2349650cc0ef59cd14ad0163a2","reason":null},{"locator":"amlr/annex/ii/pt/5/pt/3","kind":"point","status":"in_force","label":"(3)","heading":null,"text":"third countries identified by credible sources as having a low level of corruption or other criminal activity;","marks":[],"revision":1,"text_hash":"46a6f40d8e233de0b02413294fb8ffcf2786588dc93cdf5ee46a3d84f410d5c7","reason":null},{"locator":"amlr/annex/ii/pt/5/pt/4","kind":"point","status":"in_force","label":"(4)","heading":null,"text":"third countries which, on the basis of credible sources such as mutual evaluations, detailed assessment reports or published follow-up reports, have requirements to combat money laundering and terrorist financing consistent with the revised FATF Recommendations and effectively implement those requirements.","marks":[],"revision":1,"text_hash":"b39a2914d9f731a030ef27eb022cc122795a42fbd2e989aa24b450f93ff25c72","reason":null}],"markdown":"---\ntitle: \"Annex II\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng\"\nsource_retrieved: 2026-10-02\nshortTitle: \"Annex II\"\ninstrument_type: level1_regulation\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Regulation (EU) 2024/1624\"\ninstrument: amlr\ncelex: \"32024R1624\"\nregulation: AMLR\nregulation-full: \"Regulation (EU) 2024/1624\"\nannex: II\nstatus: in_force\nobject_id: eu.amlr.legal_text.annex.ii\ntext_version: \"Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024\"\nsource_url: \"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng)*\n\n### Lower risk factors\n\nThe following is a non-exhaustive list of factors and types of evidence of potentially lower risk referred to in Article 20:\n\n<a id=\"p-1\"></a>**(1)** Customer risk factors:\n\n<a id=\"p-1-a\"></a>**(a)** public companies listed on a stock exchange and subject to disclosure requirements (either by stock exchange rules or through law or enforceable means), which impose requirements to ensure adequate transparency of beneficial ownership;\n\n<a id=\"p-1-b\"></a>**(b)** public administrations or enterprises;\n\n<a id=\"p-1-c\"></a>**(c)** customers that are resident in geographical areas of lower risk as set out in point (3);\n\n<a id=\"p-2\"></a>**(2)** Product, service, transaction or delivery channel risk factors:\n\n<a id=\"p-2-a\"></a>**(a)** life insurance policies for which the premium is low;\n\n<a id=\"p-2-b\"></a>**(b)** insurance policies for pension schemes if there is no early surrender option and the policy cannot be used as collateral;\n\n<a id=\"p-2-c\"></a>**(c)** a pension, superannuation or similar scheme that provides retirement benefits to employees, where contributions are made by way of deduction from wages, and the scheme rules do not permit the assignment of a member’s interest under the scheme;\n\n<a id=\"p-2-d\"></a>**(d)** financial products or services that provide appropriately defined and limited services to certain types of customers, so as to increase access for financial inclusion purposes;\n\n<a id=\"p-2-e\"></a>**(e)** products where the risks of money laundering and terrorist financing are managed by other factors such as purse limits or transparency of ownership (e.g. certain types of electronic money);\n\n<a id=\"p-3\"></a>**(3)** Geographical risk factors — registration, establishment, residence in:\n\n<a id=\"p-3-a\"></a>**(a)** Member States;\n\n<a id=\"p-3-b\"></a>**(b)** third countries having effective AML/CFT systems;\n\n<a id=\"p-3-c\"></a>**(c)** third countries identified by credible sources as having a low level of corruption or other criminal activity;\n\n<a id=\"p-3-d\"></a>**(d)** third countries which, on the basis of credible sources such as mutual evaluations, detailed assessment reports or published follow-up reports, have requirements to combat money laundering and terrorist financing consistent with the revised FATF Recommendations and effectively implement those requirements.\n"}