EU banking regulator extends anti-money laundering guidelines to cryptocurrencies

Based in the EU crypto companies are NOW subject has advice Since THE banking watch dog In It is "struggle against financial crime. »

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THE European of the union Anti-money Whitening (AML) And Anti-terrorist Funding (FCT) guidelines to have has been extended has European crypto companies following A decision Since THE Regions banking guard dog.

THE European Banking Authority (ABE) said on Jan. 16 that THE amended guidelines aim has help crypto active service suppliers (CASP) identify their exposure risk has financial crimes due has their "clients, some products, delivery chains And geographical locations. »

THE guidelines Also outline how crypto companies should adjust their financial fight crime measures, which could include "THE to use of blockchain analytic tools," THE watch dog added. THE guidelines will apply Since Dec. 30.

THE ABE claims THE last amendments are "A important stage Before In THE the EU struggle against financial crime" And "harmonize THE approach" For crypto companies through THE union has mitigate money whitening And terror financing.

We to have extended OUR Guidelines on money whitening (ML) And terrorist funding (TF) risk factors has #crypto-active service suppliers (CASP).

Aim: help CASP identify these risks by provide A not exhaustive list of different factorshttps://t.co/YCHJdOGvj2 pic.twitter.com/jTeDNIhX9f

— EU Banking Authority - ABE (@EBA_News) January 16, 2024

THE update guidelines will add cryptocurrency And crypto company specific risks And advice has financial companies that socket cryptocurrencies Or serve crypto businesses.