A. Definition of the reporting entity

According to Law 14/2017, persons who trade in goods are considered reporting entities in the basis that they receive payments amounting quantities equal or higher than EUR 10,000, whether the transaction is carried out in a single operation or in several operations which appear to be linked.

Non-resident natural and legal persons carrying out activities of equal nature as the aforementioned in the Principality of Andorra are also considered to be reporting entities.

B. Obligations of the reporting entity

The main obligations attributed to the traders in the matter of the prevention of money laundering and terrorist financing are the following: