The new guidelines for the end of 2024: The new EBA guidelines for crypto-asset service providers (CASPs), in conjunction with the recent anti-money laundering decisions of the EU Council and Parliament, pose significant challenges for CASPs. These regulations require CASPs to intensify their risk management processes in order to meet the increased requirements for anti-money laundering and the prevention of terrorist financing. The EBA guidelines emphasize the need for a comprehensive review and possible redesign of customer due diligence (CDD) processes, the introduction of advanced transaction monitoring systems and the increased consideration of risk factors specifically relevant to crypto-assets. The EBA identifies the following as specific risk factors, among others: * Transactions, such as transfers to or from self-hosted addresses, decentralized platforms or transfers involving crypto-asset providers that are not authorized or regulated under the Regulation; * products, ...
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