The EU banking regulator expands anti-money laundering guidelines to cryptocurrencies

ChainCatcher news, according to a decision by the European Banking Authority, the EU's Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) guidelines have been extended to crypto asset service providers (CASP) in Europe. The European Banking Authority stated that the revised guidelines aim to help CASP identify the financial crime risks they face due to "customers, products, delivery channels, and geographical locations."

The regulator added that the guidelines also outline how cryptocurrency companies should adjust their measures to combat financial crime, which may include "using blockchain analysis tools." The guidelines will take effect on December 30.