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Latest known text, shown for 10 Jul 2027 · changes adopted later will not appear here

Article 27 — Temporary measures for customers subject to UN financial sanctions

Financial crimeLevel 1RegulationAMLRIn forceOfficial source

27(1)

1.In respect of customers that are subject to UN financial sanctions or that are controlled by natural or legal persons or entities subject to UN financial sanctions, or in which natural or legal persons or entities that are subject to UN financial sanctions have more than 50 % of the proprietary rights or majority interest, whether individually or collectively, obliged entities shall keep records of:

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27(1)(a)
(a)the funds or other assets that they manage for the customer at the time when UN financial sanctions are made public;
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27(1)(b)
(b)the transactions attempted by the customer;
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27(1)(c)
(c)the transactions carried out for the customer.
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27(2)

2.Obliged entities shall apply this Article between the time that UN financial sanctions are made public and the time of application of the relevant targeted financial sanctions in the Union.

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