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EBA has recently reformed guidelines around crypto asset service providers (CASPs).
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The main aim of these amendments is to reduce the vulnerability to money laundering and terrorist financing.
On January 16, 2024, the European Banking Authority (EBA) of the European Union shared extended guidelines on money laundering (ML) and terrorist financing (TF) with crypto asset service providers (CASPs).
The newly formed guidelines point to ML/TF risk factors and mitigating measures that CASPs should consider, representing an important step towards the EU’s fight against financial crime.
Objectives of Recent Amendments
It aims to help CASPs identify these risks by providing a non-exhaustive list of factors. It can indicate its exposure to higher and lower levels of ML and TF risks due to its customers, products, delivery channels and geographical locations.
CASPs will be able to develop an understanding of their customer base using these risk factors. It
We współpracy z: https://www.thecoinrepublic.com/2024/01/17/amendments-in-eu-regulations-will-bring-changes-to-ml-and-tf/
