Subsection 3: Obligations of the payer's payment service provider

I.-1° The originator's payment service provider ensures that fund transfers are accompanied by the following information on the originator:
a) Name;
b) Payment account number;
c) Address, official identity document number, identification number or date and place of birth.
2° The originator's payment service provider shall ensure that fund transfers are accompanied by the following information on the beneficiary:
a) His name;
b) His payment account number;
3° By way of derogation from b of 1° and b of 2°, in the case of a transfer that is not made from or to a payment account, the payer's payment service provider ensures that the transfer of funds is accompanied by a unique transaction identifier.
II - In the case of batch transfers made by a single payer to several payees, whose payment service providers are established outside the territory of the French Republic, I does not apply to individual transfers grouped together in these batches provided that the batch contains the information mentioned in I and that this information has been verified in accordance with III and IV and that the individual transfers bear the payer's payment account number or the unique transaction identifier in the situations mentioned in 3° of I.
III - Before transferring the funds, the payer's payment service provider verifies the accuracy and completeness of the information mentioned in 1° of I concerning the payer on the basis of documents, data or information obtained from a reliable and independent source.
IV.The verification obligations referred to in II may be deemed to have been fulfilled if one of the following conditions is met:
1° The identity of a principal has been verified under the conditions set out in Articles L. 561-5 and the information obtained has been retained under the conditions set out in Article L. 561-12 ;
2° The principal is one of the persons referred to in 13° of Article L. 561-2, in the situations set out in II and III of Article L. 561-3.
V.-By way of derogation from I, transfers of funds for which the payee's payment service provider is established outside the territory of the French Republic, the amount of which is less than €1,000 or the equivalent in local currency, which do not appear to be linked to other transfers of funds, the cumulative amount of which with this transfer exceeds €1,000 or the equivalent in local currency, shall be accompanied by at least:
1° The name of the originator and beneficiary;
2° The payment account number of the originator and beneficiary or the unique transaction identifier in the case of a transfer not made from or to a payment account.
By way of derogation from III, the payer's payment service provider is not required to check the information on the payer for these transfers, except where there are suspicions of money laundering or terrorist financing or if the transaction involves the transmission of funds within the meaning of 6° of II of Article L. 314-1.
VI - The originator's payment service provider shall keep the required information on the originator and beneficiary for a period of five years.
VII - Without prejudice to the provisions of Article L. 722-10, the payer's payment service provider shall not carry out any transfer of funds until it has ensured that this Article is fully complied with.