<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2024-06-19","gaps":[],"covered":["AMLR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/amlr/recitals/11","url":"https://www.headlesslaw.com/amlr/recitals/11","title":"Recital 11","family":"l1_recital_view","work_id":"amlr","view_of":"/amlr/recitals","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"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/legal-content/EN/TXT/?uri=CELEX:32024R1624","valid_from":"2024-06-19","valid_until":null,"content_id":"5841480f5086a278","versions":["2024-06-19"],"version_url":"https://www.headlesslaw.com/amlr/recitals/11/versions/2024-06-19","revision_url":"https://www.headlesslaw.com/amlr/recitals/11/versions/2024-06-19/rev/5841480f5086a278","versions_url":"https://www.headlesslaw.com/amlr/recitals/11/versions","relations_url":"https://www.headlesslaw.com/amlr/recitals/11/relations","act_url":"https://www.headlesslaw.com/amlr/recitals","source_line":null,"attribution":null,"context":{"act":{"work_id":"amlr","path":"/amlr/recitals","name":"AMLR","number":"Regulation (EU) 2024/1624","celex":"32024R1624","title_official":null,"document_date":null},"position":{"kind":"recital","key":"11","index":11,"articles":175,"annexes":0},"prev":{"path":"/amlr/recitals/10","key":"10","title":"Recital 10"},"next":{"path":"/amlr/recitals/12","key":"12","title":"Recital 12"},"act_anchor":""}}} -->
# Recital 11

*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/legal-content/EN/TXT/?uri=CELEX:32024R1624)*

Financial transactions can also take place within the same group as a way of managing group finances. However, such transactions are not undertaken vis-à-vis customers and do not require the application of AML/CFT measures. In order to ensure legal certainty, it is necessary to recognise that this Regulation does not apply to financial activities or other financial services which are provided by members of a group to other members of that group.