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Recital 14

Recital 14

(14)To ensure time efficiency, thereby promoting consistent, systematic and effective monitoring and assessment of risks in relation to money laundering and terrorist financing in the Union’s financial systems, submissions and requests should be made in English. At the same time, to ensure respect for the principle of proportionality and to avoid excessive costs for the reporting authorities, where the supporting documents are not available in English, they should be submitted in their original language and be accompanied by a summary in English.

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