1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers shall apply Enhanced Customer Due Diligence measures proportionate to the level of risk arising from a Business Relationship or Transactions with a natural or legal person from countries identified by the National Committee as high-risk, or from countries with deficiencies in Anti-Money Laundering, and combating Financing of Terrorism, and Proliferation Financing systems. 2. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers shall apply countermeasures and any other measures required by the Supervisory Authority, whether on its own initiative or as determined by the National Committee, in relation to high-risk countries and countries with deficiencies in Anti-Money Laundering, combating the Financing of Terrorism, Proliferation Financing systems.
Interpretation and application must be checked against the official text and current version.