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Regulation (EU) 2024/1624 on preventing the use of the financial system for the purposes of money laundering or terrorist financing, and amending Regulation (EU) No 909/2014, Directive (EU) 2015/849 and other related acts - Crypto-Asset Service Providers as Obliged Entities

This regulation establishes that all Crypto-Asset Service Providers (CASPs) are obliged entities under EU AML rules, requiring Customer Due Diligence…

What Regulation (EU) 2024/1624 on preventing the use of the financial system for the purposes of money laundering or terrorist financing, and amending Regulation (EU) No 909/2014, Directive (EU) 2015/849 and other related acts - Crypto-Asset Service Providers as Obliged Entities requires

This regulation establishes that all Crypto-Asset Service Providers (CASPs) are obliged entities under EU AML rules, requiring Customer Due Diligence (CDD) on all transactions without de minimis thresholds (Article 17), Enhanced Due Diligence (EDD) for anonymous hosted wallets (Article 20), beneficial ownership transparency for legal persons holding crypto-assets (Article 24), and direct supervision by the Anti-Money Laundering Authority (AMLA) (Article 45).

Pillar: Financial Crime, AML & Sanctions · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1624

SHA-256 integrity: 90b9075ca4589919011e6e1d3aa7a1fbff455ce741a847961f6dca8f2c5ca797

Primary Citations — 5 traced to source

  • Regulation (EU) 2024/1624, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1624, Article 17, 2024
  • Regulation (EU) 2024/1624, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1624, Article 19, 2024

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