LUX CAA issued circular letter 24/11 to comply with EBA guidelines (EBA/GL/2024/01) regarding AML/CFT risk factors for crypto-asset service providers (CASPs).
Follows EBA Jan. 2024 report extending AML/CFT guidelines to CASPs, see #174603.
Follows LUX CAA Nov. 2023 issued cir on EBA de-risking guidelines, see #191503.
Main Points
The circular letter supplements the previous circular letters 21/16, 23/13 and 23/14.
They concern AML/CFT risks linked to CASPs and measures to manage related risks.
Amended first part of EBA/GL/2021/02 re general considerations for assessing and managing AML/CFT risk, Title I: General Guidelines, is applicable to all professionals.
It provides clarifications, in particular, concerning the assessment of AML/CFT risks, the identification of AML/CFT risk factors, customer due diligence measures, staff training.
Effectiveness
The amended Guidelines are applicable from Dec. 30, 2024.
Regulators
LUX CAA
Entity Types
B/D; Bank; Ins; Inv Co
Reference
Cir 24/11, PR, 11/19/2024; EBA/GL/2024/01; EBA/2021/02; AMLD Dir 2015/849
