--- title: "Article 42 — Specific provisions regarding politically exposed persons" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624" source_retrieved: 2026-09-29 shortTitle: "Article 42 — Specific provisions regarding politically exposed persons" 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" article: 42 status: in_force object_id: eu.amlr.legal_text.article.42 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 · applies from 10 Jul 2027 · 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)* 1. In addition to the customer due diligence measures laid down in [Article 20](20.md), obliged entities shall apply the following measures with respect to occasional transactions or business relationships with politically exposed persons: **(a)** obtain senior management approval for carrying out occasional transactions or for establishing or continuing business relationships with politically exposed persons; **(b)** take adequate measures to establish the source of wealth and source of funds that are involved in business relationships or occasional transactions with politically exposed persons; **(c)** conduct enhanced, ongoing monitoring of those business relationships. 2. By 10 July 2027, AMLA shall issue guidelines on the following matters: **(a)** the criteria for the identification of persons known to be close associates; **(b)** the level of risk associated with a particular category of politically exposed person, family member or person known to be a close associate, including guidance on how such risks are to be assessed where the person is no longer entrusted with a prominent public function for the purposes of [Article 45](45.md). *** [Chapter III — Customer due diligence](../chapters/iii.md) · [← Article 41](41.md) · [Article 43 →](43.md)