Article 33 Data protection, prevention of money laundering, administrative or restrictive measures and related issuesF5

Participants shall be deemed to be aware of, and shall comply with, all obligations on them relating to legislation on data protection, prevention of money laundering, the financing of terrorism, proliferation-sensitive nuclear activities and the development of nuclear weapons delivery systems, in particular in terms of implementing appropriate measures concerning any payments debited or credited on their PM accounts. Participants shall also acquaint themselves with the F2TARGET2 network service provider’s data retrieval policy prior to entering into the contractual relationship with the TARGET2 network service provider .

Participants shall be deemed to have authorised the ECB to obtain any information relating to them from any financial or supervisory authority or trade body, whether national or foreign, if such information is necessary for the participant's participation in TARGET2-ECB.

F4Participants, when acting as the payment service provider of a payer or payee, shall comply with all requirements resulting from administrative or restrictive measures imposed pursuant to Article 75 or 215 of the Treaty on the Functioning of the European Union to which they are subject, including with respect to notification and/or the obtaining of consent from a competent authority in relation to the processing of transactions. In addition:

For the purposes of this paragraph, the terms ‘ payment service provider ’ , ‘ payer ’ and ‘ payee ’ shall have the meanings given to them in the applicable administrative or restrictive measures.