1. By way of derogation from the prohibitions in Article 21(1) and (2), the competent authorities of the Member States may authorise:
(a) the transactions mentioned in points (a) to (e) of Article 21(4) with a value above EUR 15 000 or equivalent; and
(b) the transactions mentioned in Article 21(5) with a value above EUR 5 000 or equivalent.
2. The requirement for authorisation referred to in paragraph 1 shall apply regardless of whether the transfer of funds is executed in a single operation or in several operations which appear to be linked. For the purpose of this Regulation, "operations which appear to be linked" includes:
(a) a series of consecutive transfers from or to the same credit or financial institution within the scope of Article 21(2) to or from the same DPRK person, entity or body, which are made in connection with a single obligation to transfer funds, where each individual transfer falls below EUR 15 000 for transactions mentioned in Article 21(4) or EUR 5 000 for tran
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