EU AML Package and Its Impact on the Obligation of Customer Identification by Obliged Institutions in the Insurance Sector – the Problem of Identification of Beneficiaries of Insurance Policies as Insured Persons

<ns3:p>The article aims at presenting the latest EU anti-money laundering and counter-terrorist financing regulations for obliged institutions in the insurance sector, which will come into force on 10 July 2027. While providing a comparison of the future obligations of these institutions against the current local regulations in this area, it places a particular emphasis on the necessity to identify and verify the beneficiaries of insurance policies as insured persons.</ns3:p>