# AMLR (EU Anti-Money Laundering Regulation)

**The AMLR is Regulation (EU) 2024/1624 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing — the EU's single rulebook for firms.** It applies directly in every Member State from 10 July 2027, the same day the Fourth Anti-Money Laundering Directive (Directive (EU) 2015/849) is repealed.

*Also called:* the Anti-Money Laundering Regulation, the EU AML single rulebook.

## Why it matters for PSPs and EMIs

Payment institutions and electronic money institutions are obliged entities under the AMLR. From July 2027 their customer due diligence, beneficial ownership, reporting and record-keeping duties will come from one directly applicable EU text instead of 27 national transpositions, with detail set by AMLA's technical standards and guidelines. Firms active in several Member States gain one rulebook; they also lose the room national transpositions sometimes left.

## What the law says

- **Dates.** Adopted 31 May 2024 and published in the Official Journal on 19 June 2024. It applies from 10 July 2027; for football agents and professional football clubs, from 10 July 2029 (Art. 90). Directive (EU) 2015/849 is repealed with effect from 10 July 2027 by AMLD6, Directive (EU) 2024/1640, Art. 77.
- **Who is covered.** Art. 3: credit institutions, financial institutions and listed non-financial businesses and professions. Under Art. 2(1)(6)(a), "financial institution" covers undertakings carrying out activities listed in Annex I to Directive 2013/36/EU, which include payment services (point 4) and issuing electronic money (point 15); account information services are excluded.
- **Structure.**
  - Chapter I: subject matter, definitions and scope (Arts. 1 to 8).
  - Chapter II: internal policies, controls, business-wide risk assessment, compliance functions and outsourcing (Arts. 9 to 18).
  - Chapter III: customer due diligence, third-country policy, simplified and enhanced due diligence (Arts. 19 to 50).
  - Chapter IV: beneficial ownership transparency (Arts. 51 to 68).
  - Chapter V: reporting obligations, including suspicious transaction reports and the prohibition of disclosure (Arts. 69 to 74).
  - Chapter VI: information sharing (Art. 75).
  - Chapter VII: data protection and record retention (Arts. 76 to 78).
  - Chapter VIII: anonymous instruments and the EUR 10 000 limit on large cash payments (Arts. 79 and 80).
  - Chapter IX: final provisions, including cooperation with the EPPO and OLAF and the application dates (Arts. 81 to 90).
- **Detail from AMLA.** Several articles mandate AMLA regulatory technical standards and guidelines, many due by 10 July 2026 (for example Art. 28 on the information needed for customer due diligence).

## How ProofVolt handles it

ProofVolt supports the parts of the AMLR that shape an onboarding decision: customer due diligence (Chapter III), beneficial ownership and register discrepancies (Chapter IV), preparing suspicious transaction reports and holding customer contact until a reportability assessment is made (Chapter V), and an append-only record of every source, step and decision (Chapter VII).

## Related

- [AMLA](/glossary/amla/)
- [AMLD6](/glossary/amld6/)
- [Customer due diligence (CDD)](/glossary/customer-due-diligence/)
- [AMLR 2027 readiness for payment service providers](/guides/amlr-2027-readiness-payment-service-providers/)

Canonical: https://proofvolt.eu/glossary/amlr/