Article 3 Definitions

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Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (Text with EEA relevance)
Chapter I Subject matter, scope and definitions (arts. 1-3)
Article 3 Definitions

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Version status: Applicable | Document consolidation status: No known changes

Version date: 30 December 2024 - onwards

Version 3 of 3

For the purposes of this Regulation, the following definitions apply:

(1) "terrorist financing" means terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849;

(2) "money laundering" means the money laundering activities referred to in Article 1(3) and (4) of Directive (EU) 2015/849;

(3) "payer" means a person that holds a payment account and allows a transfer of funds from that payment account or, where there is no payment account, that gives a transfer of funds order;

(4) "payee" means a person that is the intended recipient of the transfer of funds;

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