The Guidelines on restrictive measures and the ‘Travel Rule’ are now being finalised

In December 2023, we consulted on new Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures. Restrictive measures are binding on any person or entity under the jurisdiction of Member States. Through these Guidelines, the EBA creates, for the first time, a common understanding, among payment service providers (PSPs), CASPs and their supervisors, of the steps they need to take to be able to comply with restrictive measures. We held a virtual public hearing on the consultation paper on 8 February with 113 interested stakeholders. We received 21 responses and are now finalising the Guidelines in light of the comments received.