correspondent relationship

Definitions over time (1)

09/07/2024 – today applies on 12/11/2026 Article 2, Anit Money Laundering Regulation (AMLR) Scope: Whole act

1. For the purposes of this Regulation, the following definitions apply:

‘correspondent relationship’ means: the provision of banking services by one credit institution as the correspondent to another credit institution as the respondent, including providing a current or other liability account and related services, such as cash management, international transfers of funds as defined in Article 4, point (25), of Directive (EU) 2015/2366, 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 transfers of funds as defined in Article 4, point (25), of Directive (EU) 2015/2366, transactions in crypto-assets or transfers of crypto-assets;