EBA consults on guidelines for AML/CFT supervisors of CASPs
In March, the EBA launched a consultation on its proposal to amend its Guidelines on risk-based supervision to extend them to AML/CFT supervisors of Crypto-Asset Services Providers (CASPs).
The proposed amendments include guidance on the sources of information competent authorities should consider when assessing money laundering and terrorism financing (ML/TF) risks associated with CASPs. They also highlight the importance of a consistent approach to setting supervisory expectations where multiple competent authorities are responsible for the supervision of the same institutions. Additionally, the amendments emphasise the significance of training to ensure that staff from competent authorities have the technical skills and expertise necessary for the execution of their functions.
