The EBA receives new mandates under the revised Regulation on information accompanying transfers of funds (TFR)

On 29 June 2022 the co-legislators reached a provisional agreement on the revised TFR. According to this agreement, the EBA will be assigned 10 legislative mandates on different aspects of the TFR. The new mandates include:

• guidance on the steps crypto assets service providers (CASPs) need to take to comply with the TFR,
• the AML/CFT supervision of CASPs,
• the systems and controls payment service providers and CASPs have to put in place to comply with restrictive measures (financial sanctions) regimes.