The European Banking Authority (EBA) has expanded its risk-based Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervision guidelines to include supervisors of Crypto-Asset Service Providers (CASPs). This move is a significant stride in the EU’s efforts to combat financial crime.
Key amendments to the guidelines encompass:
📌 Providing guidance on the sources of information that competent authorities should consider when assessing money laundering and terrorism financing risks associated with CASPs.
📌 Stressing the importance of a consistent approach in setting supervisory expectations, particularly when multiple competent authorities are responsible for overseeing the same institutions.
📌 Emphasizing the significance of training to equip competent authority staff with the technical skills and expertise needed to fulfill their roles.
The EBA has indicated its intention to issue specific guidance for CASPs through forthcoming amendments to the EBA’s ML/TF Risk Factors Guidelines and new guidelines addressing the prevention of fund and crypto-asset transfers for ML/TF purposes. The amended guidelines will come into effect on December 30, 2024.
Read the final report below.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}