Regulatory Alerts2023-06-06 | C577EBA Consultation Paper on Amendments to ML/TF Guidelines to Include Crypto-Asset Service Providers
The European Banking Authority launched a public consultation to extend its money laundering and terrorist financing risk factor guidelines to crypto-asset service providers. The proposed amendments introduce sector-specific guidance to help these entities identify risks associated with innovative technologies and privacy-enhancing features while adjusting customer due diligence measures. The Cyprus Securities and Exchange Commission urges regulated entities to submit their comments on these changes by the deadline of 31 August 2023.
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