Article 74 — Threshold-based reports of transactions in certain high-value goods

Financial crimeLevel 1RegulationAMLRStage: AdoptedOfficial source

1.Persons trading in high-value goods shall report to the FIU all transactions involving the sale of the following high-value goods when those goods are acquired for non-commercial purposes:

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74(1)(a)

(a)motor vehicles for a price of at least EUR 250 000 or the equivalent in national currency;

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74(1)(b)

(b)watercraft for a price of at least EUR 7 500 000 or the equivalent in national currency;

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74(1)(c)

(c)aircraft for a price of at least EUR 7 500 000 or the equivalent in national currency.

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74(2)

2.Credit institutions and financial institutions that provide services in relation to the purchase or transfer of ownership of the goods referred to in paragraph 1 shall also report to the FIU all transactions they carry out for their customers in relation to those goods.

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74(3)

3.Reporting pursuant to paragraphs 1 and 2 shall be carried out within the deadlines imposed by the FIU.

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