EBA Proposes New AML Central Contact Point Rules For CASPs

Regulatory Technical Standards (RTS)

The European Banking Authority (hereinafter referred to as "EBA") has launched a public consultation on draft Regulatory Technical Standards (hereinafter referred to as "RTS") ¹ with the aims of delineating the criteria for appointing a central contact point (hereinafter referred to as "hereinafter referred to as "CCP") for crypto-asset service providers (hereinafter referred to as "CASPs"). ² The final report on draft RTS is envisaged to be published in the Second Quarter of 2025.

The initiative is based on provisions of the 4^th AML Directive (Directive 2015/849) which mandate the EBA to develop RTS for determining when a CCP is necessary and to define its functions. In essence, this is part of the broader effort to enhance compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) obligations within the European Union.