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EBA Guidelines on ML/TF Risk Factors to CASPs

06 January 2024
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EBA Guidelines on ML/TF Risk Factors to CASPs

The European Banking Authority (EBA) has extended its Guidelines on ML/TF risk factors to crypto-asset service providers (CASPs).

Guideline 21 has been inserted for CASPs, providing guidance in areas including:

  • Product, services, and transaction risk factors;
  • Customer risk factors;
  • Country or geographical risk factors;
  • Distribution channel risk factors; and
  • Mitigating measures: enhanced due diligence, simplified due diligence, and record-keeping.

CASPs should review the amended Guidelines to remain aware of the current sectoral risks and mitigating measures that they can consider taking.
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