shell bank
Definitions over time (1)
-
25/06/2015 – 09/07/2018 Article 3, Fourth Anti-Money Laundering Directive Scope: Whole act
For the purposes of this Directive, the following definitions apply:
‘shell bank’ means a credit institution or financial institution, or an institution that carries out activities equivalent to those carried out by credit institutions and financial institutions, incorporated in a jurisdiction in which it has no physical presence, involving meaningful mind and management, and which is unaffiliated with a regulated financial group.
Other definitions of this term in this act (1)
Each has its own scope, dates and uses. Open one to see when it applies.
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 3(17) Historical · definitions end 30/06/2021
Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.