persons known to be close associates

Definitions over time (1)

09/07/2018 – 30/06/2021 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.

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No text uses this concept on 12/11/2026.