persons known to be close associates

Defined in Article 3, Fourth Anti-Money Laundering Directive

Definitions over time (1)

1. 30/06/2021 – today applies on 12/11/2026 Article 3, Fourth Anti-Money Laundering Directive Scope: Whole act

   For the purposes of this Directive, the following definitions apply:

   ‘persons known to be close associates’ means: natural persons who are known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with a politically exposed person; natural persons who have sole beneficial ownership of a legal entity or legal arrangement which is known to have been set up for the de facto benefit of a politically exposed person.

Used in (2 places in 2 provisions on 12/11/2026)

Fourth Anti-Money Laundering Directive (2 in 2)

Article 3 · Article 23