shell bank

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:

   ‘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;

Used in (3 places in 2 provisions on 12/11/2026)

Fourth Anti-Money Laundering Directive (3 in 2)

Article 3 · Article 24²