--- title: "Annex II" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng" source_retrieved: 2026-10-02 shortTitle: "Annex II" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: "Regulation (EU) 2024/1624" instrument: amlr celex: "32024R1624" regulation: AMLR regulation-full: "Regulation (EU) 2024/1624" annex: II status: in_force object_id: eu.amlr.legal_text.annex.ii text_version: "Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024" source_url: "https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng" check_status: matched verified: true last_checked: 2026-10-26 --- *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)* ### Lower risk factors The following is a non-exhaustive list of factors and types of evidence of potentially lower risk referred to in Article 20: **(1)** Customer risk factors: **(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; **(b)** public administrations or enterprises; **(c)** customers that are resident in geographical areas of lower risk as set out in point (3); **(2)** Product, service, transaction or delivery channel risk factors: **(a)** life insurance policies for which the premium is low; **(b)** insurance policies for pension schemes if there is no early surrender option and the policy cannot be used as collateral; **(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; **(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; **(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); **(3)** Geographical risk factors — registration, establishment, residence in: **(a)** Member States; **(b)** third countries having effective AML/CFT systems; **(c)** third countries identified by credible sources as having a low level of corruption or other criminal activity; **(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.