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Text as of 19 Jun 2024 · Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024 · Same wording as today’s text.Today’s text

Recital 32

Financial crimeLevel 1RegulationAMLRStage: AdoptedOfficial source

It is appropriate to take account of the characteristics and needs of smaller obliged entities, and to ensure treatment which is appropriate to their specific needs, and the nature of the business. That might include exempting certain obliged entities from performing a risk assessment where the risks involved in the sector in which the entity operates are well understood.