FIN-FSA - Financial Supervision Authority
FIN-FSA - Financial Supervision Authority
11/28/2024 | Press release | Distributed by Public on 11/27/2024 23:48
EBA Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113 (Travel rule[...]
Supervision release 28 November 2024 - 76/2024
EBA Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113 (Travel rule Guidelines) - applicable from 30 December 2024
European Banking Authority (EBA) has issued Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113 (The Travel Rule Guidelines). These Guidelines replace the ESAs' previous Joint Guidelines on prevention of abuse of fund transfers in money laundering and terrorist financing (JC/GL2017/16).
The Financial Supervisory Authority (FIN-FSA) has confirmed that it will comply with the Guidelines.
In accordance with Article 16(3) of EBA Regulation (EU) No 1093/2010, financial institutions shall make every effort to comply with EBA Guidelines.
Subject matter
The Guidelines specify the requirements for policies and procedures prepared for the detection and management of deficient payment information. The Guidelines also specify the steps that payment service providers (PSP), intermediary payment service providers (IPSP), crypto-asset service providers (CASP) and intermediary crypto-asset service providers (ICASP) should take to manage the risk of money laundering or terrorist financing when the required information is deficient.
The Guidelines also specify what concrete information should accompany a payment as well as provide guidance on measures to identify and assess money laundering and terrorist financing risks regarding transfers of crypto-assets to or from a self-hosted address.
Entry into force
The Guidelines will apply from 30 December 2024.
For further information, please contact
Viivi Jantunen, Senior Specialist, telephone +358 9 183 5003 or viivi.jantunen(at)fiva.fi
Appendix
Travel Rule Guidelines (pdf)
See also
FIN-FSA website: Guidelines of the European Supervisory Authorities