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Notification on the requirements of the prevention of money laundering and terrorist financing act | NKBM

In accordance with the Act on Prevention of Money Laundering and Terrorist Financing the banks are obliged to obtain data on the purpose of the transaction and beneficiary when carrying out transactions amounting to or exceeding EUR 15,000.00 (whether the transaction is carried out in a single operation or in several operations which are evidently linked).

Notification on the requirements of the prevention of money laundering and terrorist financing act

24 January 2014
OBVESTILA
In accordance with the Act on Prevention of Money Laundering and Terrorist Financing the banks are obliged to obtain data on the purpose of the transaction and beneficiary when carrying out transactions amounting to or exceeding EUR 15,000.00 (whether the transaction is carried out in a single operation or in several operations which are evidently linked).
 

Every payment order should strictly contain:

  • data on the purpose of the transaction in a way that enables traceability, e.g. invoice number …, agreement on ..., advance payment for …, pro forma invoice number …, 
  • data on the beneficiary: first name, surname and permanent address or name and registered office of the beneficiary (street, house number, town, and country).