EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers
31 May 2023
- 31 May 2023
The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors.
- The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs).
- The EBA is proposing to amend its ML/TF risk factors guidelines to set common, regulatory expectations of the steps CASPs should take to identify and mitigate these risks effectively.
- The amendments introduce new sector-specific guidance for CASPs, which highlights factors that may indicate the CASP’s exposure to the higher or lower ML/TF risk.