correspondent relationship

Defined in Article 3, Fourth Anti-Money Laundering Directive

Definitions over time (2)

1. 30/12/2024 – 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:

   ‘correspondent relationship’ means: the provision of banking services by one bank as the correspondent to another bank as the respondent, including providing a current or other liability account and related services, such as cash management, international funds transfers, cheque clearing, payable-through accounts and foreign exchange services; the relationships between and among credit institutions and financial institutions, including where similar services are provided by a correspondent institution to a respondent institution, and including relationships established for securities transactions or funds transfers or relationships established for transactions in crypto-assets or transfers of crypto-assets;

2. 30/06/2021 – 30/12/2024 Article 3, Fourth Anti-Money Laundering Directive Scope: Whole act

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

   ‘correspondent relationship’ means: the provision of banking services by one bank as the correspondent to another bank as the respondent, including providing a current or other liability account and related services, such as cash management, international funds transfers, cheque clearing, payable-through accounts and foreign exchange services; the relationships between and among credit institutions and financial institutions including where similar services are provided by a correspondent institution to a respondent institution, and including relationships established for securities transactions or funds transfers;

Used in (11 places in 5 provisions on 12/11/2026)

Fourth Anti-Money Laundering Directive (11 in 5)

Article 3 · Article 18a · Article 19² · Article 19b⁵ · Article 24²