{"release":{"id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","published":"2026-11-02T04:02:35Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2024-06-19","gaps":[],"covered":["AMLR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","release_published":"2026-11-02T04:02:35Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/amlr/articles/39","url":"https://www.headlesslaw.com/amlr/articles/39","title":"Article 39 — Prohibition of correspondent relationships with shell institutions","family":"l1_generated","work_id":"amlr","status":"not_yet_applicable","force_status":"in_force","date_state":"not_yet_applicable","requested_date":null,"as_of":"2026-11-02","applies_from":"2027-07-10","application":{"state":"not_yet_applicable","next":"2027-07-10","dates":[{"at":"2027-07-10","note":"Article 90"}]},"version_label":"Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng","valid_from":"2024-06-19","valid_until":"2027-07-10","revision":1,"content_id":"a2241c3c27151f7a","change_date":null,"nearest_versions":["2024-06-19"],"first_text_date":"2024-05-31","correction_applies":false,"versions":["2024-06-19"],"version_url":"https://www.headlesslaw.com/amlr/articles/39/versions/2024-06-19","revision_url":"https://www.headlesslaw.com/amlr/articles/39/versions/2024-06-19/rev/a2241c3c27151f7a","versions_url":"https://www.headlesslaw.com/amlr/articles/39/versions","relations_url":"https://www.headlesslaw.com/amlr/articles/39/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/amlr/articles/39.md","body_sha256":"071680e65459ef98753bffc42bb23ac2e1ffe6e513a0d70a9a075416207aa9a0"},"units":[{"locator":"amlr/art/39","kind":"article","status":"in_force","label":null,"heading":"Prohibition of correspondent relationships with shell institutions","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"amlr/art/39/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Credit institutions and financial institutions shall not enter into, or continue, a correspondent relationship with a shell institution. Credit institutions and financial institutions shall take appropriate measures to ensure that they do not engage in or continue correspondent relationships with a credit institution or financial institution that is known to allow its accounts to be used by a shell institution.","marks":[],"revision":1,"text_hash":"b46282ee85c55c277785b0b608f99bf9f3bb0c25a48ea5ded4b69b54f414c602","reason":null},{"locator":"amlr/art/39/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"In addition to the requirement laid down in paragraph 1, crypto-asset service providers shall ensure that their accounts are not used by shell institutions to provide crypto-asset services. To that end, crypto-asset service providers shall have in place internal policies, procedures and controls to detect any attempt to use their accounts for the provision of unregulated crypto-asset services.","marks":[],"revision":1,"text_hash":"7c77f7648b64577ecab2ceaa6d2f9550e1f372df56befd4684dc3ab0c52cc3df","reason":null}],"markdown":"---\ntitle: \"Article 39 — Prohibition of correspondent relationships with shell institutions\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624\"\nsource_retrieved: 2026-09-29\nshortTitle: \"Article 39 — Prohibition of correspondent relationships with shell institutions\"\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\"\narticle: 39\nstatus: in_force\nobject_id: eu.amlr.legal_text.article.39\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\n1. <a id=\"p-1\"></a>Credit institutions and financial institutions shall not enter into, or continue, a correspondent relationship with a shell institution. Credit institutions and financial institutions shall take appropriate measures to ensure that they do not engage in or continue correspondent relationships with a credit institution or financial institution that is known to allow its accounts to be used by a shell institution.\n2. <a id=\"p-2\"></a>In addition to the requirement laid down in paragraph 1, crypto-asset service providers shall ensure that their accounts are not used by shell institutions to provide crypto-asset services. To that end, crypto-asset service providers shall have in place internal policies, procedures and controls to detect any attempt to use their accounts for the provision of unregulated crypto-asset services.\n\n***\n\n[Chapter III — Customer due diligence](../chapters/iii.md) · [← Article 38](38.md) · [Article 40 →](40.md)\n"}