Explore European Union Legislation by Asking a Legal Question
assisted-checkbox
filter-instruction-1
positive-filters
negative-filters
act-filter tabs-all
parameters-title
query
assisted-checkbox: ✅
result-title
total 1
Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Text with EEA relevance) article 74 CELEX: 32024R1624 Threshold-based reports of transactions in certain high-value goods
1. Persons trading in high-value goods shall report to the FIU all transactions involving the sale of the following high-value goods when those goods are acquired for non-commercial purposes: (a) motor vehicles for a price of at least EUR 250 000 or the equivalent in national currency; (b) watercraft for a price of at least EUR 7 500 000 or the equivalent in national currency; (c) aircraft for a price of at least EUR 7 500 000 or the equivalent in national currency. 2. Credit institutions and financial institutions that provide services in relation to the purchase or transfer of ownership of the goods referred to in paragraph 1 shall also report to the FIU all transactions they carry out for their customers in relation to those goods. 3. Reporting pursuant to paragraphs 1 and 2 shall be carried out within the deadlines imposed by the FIU. |