Italy’s Central Bank Orders Sanctions Screening for Crypto Transfers
4 Articles
4 Articles
On September 7, the Bank of Italy issued a circular regarding compliance procedures with EU (European Union) and domestic sanctions. It requires Cryptocurrency Service Providers (CASPs) to handle E... The post Bank of Italy tightens sanctions review of cryptocurrency transfers – no small exemptions first appeared on NADA NEWS.
Italy’s Central Bank Pushes For Strict Sanctions Screening In Crypto Transactions
Banca d’Italia (BI), the Italian Republic’s central bank, has recently posted a new communication covering Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs). It includes guidelines to ensure compliance with existing international sanctions standards, particularly those under European Union (EU) regulations. Italy’s Central Bank Orders Stricter Screening for PSPs and CASPs Citing the revised […]
The Italian central bank, Banca d'Italia, has called for the full implementation of existing obligations regarding sanctions screening of cryptocurrency transfers. The bank reminded crypto asset service providers (CASPs) that they must use internal controls to ensure compliance with European Union and Italian financial sanctions when processing transfers. The aim of the practice is to identify transfers linked to individuals on sanctions lists.
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