Recital 96

Close private and professional relationships might be abused for money laundering and terrorist financing purposes. For that reason, measures concerning politically exposed persons should also apply to their family members and persons known to be close associates. Properly identifying family members and persons known to be close associates might depend on the socio-economic and cultural structure of the country of the politically exposed person. Against that background, AMLA should have the task of issuing guidelines on the criteria to use to identify persons who should be considered as close associates.