70. Are reporting entities required to enforce enhanced due diligence policies and procedures regarding politically exposed persons?

Article 21.(1) Money Laundering and Terrorist Financing Prevention Act, in force from 27.11.2017, passed 19.12.2007, No. RT I 2008, 3, 21.

§ 21. (1) Upon establishment of a business relationship with or carrying out a transaction with or performance of a professional operation for or provision of a professional service to a politically exposed person of a contracting state of the European Economic Area or a third country or their family member or close associate, an obligated person shall take the enhanced due diligence measures provided for in § 19 of this Act.