The European Banking Authority has published draft Regulatory Technical Standards setting out when crypto-asset service providers (CASPs) must appoint a central contact point to support anti-money laundering and countering the financing of terrorism (AML/CFT) compliance and supervision. The criteria focus on cross-border provision of crypto-asset services where a CASP established in one EU Member State operates in another through a local establishment, such as a crypto ATM, and is subject to host-state AML/CFT obligations alongside home-state requirements. The draft standards define the conditions that trigger the appointment requirement and set out the central contact point’s roles and responsibilities, while leaving the contact point’s legal form and EU location unspecified. They update the existing framework developed under Article 45(10) of Directive (EU) 2015/849 and previously reflected in Commission Delegated Regulation (EU) 2018/1108 for electronic money institutions and payment service providers, following amendments introduced by Regulation (EU) 2023/1113, which extends the relevant provisions to CASPs and applies from 30 December 2024. The draft RTS have been released for consultation.
European Banking Authority 2025-04-25
European Banking Authority publishes draft standards on when crypto-asset service providers must appoint a central contact point for AML CFT
The European Banking Authority has issued draft Regulatory Technical Standards requiring crypto-asset service providers (CASPs) to appoint a central contact point for AML/CFT compliance when operating cross-border within the EU. The standards outline the conditions for this requirement and the roles of the contact point, updating the framework under Directive (EU) 2015/849 and Regulation (EU) 2023/1113. The draft standards are open for consultation.