(15)As the tightening of controls in the financial sector has prompted money launderers and terrorist financers to seek alternative methods for concealing the origin of the proceeds of crime and as such channels can be used for terrorist financing, the anti-money laundering and anti-terrorist financing obligations should cover life insurance intermediaries and trust and company service providers.
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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
59 provisions change.
Recital 15 changes in this version: compare with the current text.