Recital 5

(5)Effective mechanisms, systems and procedures that comply with Directive (EU) 2015/849 of the European Parliament and of the Council ² are needed to ensure that notifying entities appropriately address risks and practices of money laundering and terrorist financing in the provision of crypto-asset services. Notifying entities should therefore provide in their notification detailed information on their mechanisms, systems and procedures put in place to prevent risks associated with their business activities in relation to, inter alia, anti-money laundering and counter-terrorist financing.