Equally, Community legislation should recognise that certain situations present a greater risk of money laundering or terrorist financing. Although the identity and business profile of all customers should be established, there are cases where particularly rigorous customer identification and verification procedures are required.
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New version applies from 20/03/2008 — introduced by Directive 2008/20/EC.
50 provisions change.
Later versions: 30/10/2009, 04/01/2011.
Recital 24 changes in this version: compare with the current text.