Proposal for a regulation
Article 15 a (new)
Article 15a (1) Without prejudice to points (a), (b) and (c) of the first subparagraph of Article 16(1) and Article 19, and following an appropriate risk assessment demonstrating a low risk, obliged entities may waive certain due diligence measures if all of the following risk-mitigating conditions are met: (a) the payment instrument is not reloadable or has a maximum monthly payment transactions limit of EUR 150 which can be used only in that Member State; (b) the maximum amount stored electronically does not exceed EUR 150; (c) the payment instrument is used exclusively to purchase goods or services; (d) the payment instrument cannot be funded with anonymous electronic money; (e) the issuer carries out sufficient monitoring of the transactions or business relationship to enable the detection of unusual or suspicious transactions. (2) The derogation provided for in paragraph 1 of this Article shall not apply in the case of redemption in cash or cash withdrawal of the monetary value of the electronic money where the amount redeemed exceeds EUR 50, or in the case of remote payment transactions as defined in Article 4(6) of Directive (EU) 2015/2366 of the European Parliament and of the Council where the amount paid exceeds EUR 50 per transaction. (3) Credit institutions and financial institutions acting as acquirers shall ensure that they only accept payments carried out with anonymous prepaid cards issued in third countries where such cards meet requirements equivalent to those set out in paragraphs 1 and 2. Member States may decide not to accept on their territory payments carried out by using anonymous prepaid cards.