(9)Effective mechanisms, systems and procedures that comply with Directive (EU) 2015/849 of the European Parliament and of the Council 3 and Regulation (EU) 2023/1113 of the European Parliament and of the Council 4 are needed to ensure that applicants appropriately address risks and practices of money laundering and terrorist financing in the provision of crypto-asset services. Thus, applicants should provide in their application for authorisation 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.
Recital 9
- 4 Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 ( OJ L 150, 9.6.2023, p. 1 , ELI: http://data.europa.eu/eli/reg/2023/1113/oj ). ↩
- 3 Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC ( OJ L 141, 5.6.2015, p. 73 , ELI http://data.europa.eu/eli/dir/2015/849/oj ). ↩