European AML (anti-money laundering) rules significantly expand the scope of obligations for luxury goods dealers.
Under current national anti-money laundering legislation (Wwft), luxury goods dealers are subject to compliance requirements under specific and limited conditions. This typically applies to professionals trading in high-value goods such as vehicles, boats, jewellery, watches, designer furniture, art and antiques.
De aankomende Europese anti-witwasregels (AMLR) scherpen deze verplichtingen aan. Hierdoor worden handelaren in luxe goederen eerder als meldingsplichtige entiteiten aangemerkt, en vallen ze onder strengere regels en toezicht.
Under the Wwft, several definitions and thresholds apply to different types of luxury goods dealers. For example, art dealers are subject to more stringent due diligence rules than jewellery traders. Broadly speaking, the Wwft applies when transactions are paid wholly or partly in cash and exceed €10,000 (for art dealers, this also includes non-cash transactions). For cash transactions exceeding €20,000, a reporting obligation to FIU-NL applies.
The most significant change stemming from EU AML rules is that all luxury goods dealers will become obliged entities for transactions over €10,000 - regardless of whether the payment is in cash or electronic. Note: the Netherlands have already introduced a stricter national threshold of €3,000 through the ‘Plan van Aanpak Witwassen’. This national cash ban applies to all professional traders in goods and anticipates the EU member state discretion to lower the threshold.
Luxury goods often represent high value and can be bought, sold, or transferred with relative ease and anonymity. This makes them attractive instruments for laundering or concealing illicit funds.
Luxury goods traders will be required to conduct customer due diligence (CDD) While the technical details are still being finalised, the general obligations are already clear. These include:
Many luxury goods dealers already have an AML policy in place due to bank requirements. However, under the EU AML package, formal compliance will become mandatory, covering risk assessments, employee training, and internal control systems.Entities must also prepare for supervision by regulatory authorities and for mandatory data reporting. This includes readiness for periodic audits.
The EU AML rules will become generally applicable across the EU from mid-2027. In the meantime, AMLA will play an active role in drafting regulatory technical standards and guidelines that will provide further clarity on implementation.
Failure to comply with the AML obligations may result in:
Ja, maar slechts in beperkte gevallen. Bij eenmalige of incidentele transacties onder €3.000 en als er geen vermoeden van witwassen is, kunnen sommige verplichtingen (zoals volledig cliëntenonderzoek) vervallen.
However, any suspicion of money laundering or complex or unusual transactions would still trigger full due diligence.
National authorities may also grant limited exemptions for organizations that:
Deze vrijstellingen moeten worden onderbouwd, gedocumenteerd en kunnen worden getoetst door de Europese Commissie. Ook bij vrijstelling blijft transparantie en samenwerking met toezichthouders verplicht. Misbruik van een vrijstelling kan alsnog leiden tot handhavingsmaatregelen.
Lees meer over de impact van de AMLR op voetbalmakelaars, voetbalclubs en crowdfundingplatforms.
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