Article 49: Process of reliance on another obliged entity

Georgios Pavlidis

Chapter 129 in The EU Anti-Money Laundering Directive and Regulation, 2026, pp 663-665 from Edward Elgar Publishing

Abstract: This chapter comments on Article 49 of the Anti-Money Laundering Regulation (EU) 2024/1624, operationalising reliance by specifying the information to collect, the format and timeliness of document transmission, and written-agreement requirements. It clarifies internal workflow controls for intra-group reliance and escalation when information is incomplete or outdated. The commentary links reliance to record-keeping, confidentiality safeguards, and supervisor expectations on testing the effectiveness of reliance arrangements.

Keywords: AML/CFT; Money Laundering; Reliance Process; Transmission; Written Agreement; Intra-group (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035347094
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