EBA EXTERNAL COMMUNICATIONS - The EBA proposes criteria to appoint a central contact point for CASPs to strengthen the fight against money-laundering and terrorism financing

In December, we published a consultation paper on draft Regulatory Technical Standards (RTS) setting out the criteria for determining the circumstances in which CASPs should appoint a central contact point (CCP) to ensure compliance with local AML/CFT obligations of the host Member State. The draft RTS also sets out the functions of those central contact points.

date: 16/12/2024

Since the same considerations apply to electronic money issuers (EMIs) and PSPs, the EBA proposes to retain the structure and approach set out in the RTS on the criteria for the appointment of CCPs for EMIs and PSPs, and extend existing provisions to CASPs (leaving the provisions that apply to EMIs and PSPs unchanged). We also propose to introduce new provisions for CASPs where necessary in light of their business model and operation.

The consultation runs until 04 February 2025.

The EBA proposes criteria to appoint a central contact point for CASPs to strengthen the fight against money-laundering and terrorism financing

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