Source: OJ L 150, 9.6.2023, pp. 1–39

Article 18 Évaluation et déclaration

Summary What does Article 18 of the Transfer of funds regulation (TFR) say?

This brief but important article connects the information requirements established earlier in the regulation to the broader anti-money laundering framework.

It places an obligation on the beneficiary's crypto-asset service provider to treat missing or incomplete originator or beneficiary information as a red flag when conducting suspicion assessments, and to factor this into decisions about whether to file a report with the Financial Intelligence Unit under Directive (EU) 2015/849.

Important points:

As the crypto-asset service provider of the beneficiary, treat missing or incomplete information on the originator or beneficiary as a factor in assessing whether a transfer is suspicious.
This suspicion assessment covers not just the transfer itself but also any related transaction.
Where a transfer is deemed suspicious, the obligation to report to the FIU is governed by Directive (EU) 2015/849.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Le prestataire de services sur crypto-actifs du bénéficiaire de crypto-actifs prend en compte les informations manquantes ou incomplètes sur l’initiateur ou le bénéficiaire de crypto-actifs comme un facteur pour apprécier si un transfert de crypto-actifs, ou toute transaction qui s’y rattache, présente un caractère suspect et doit être déclaré à la CRF conformément à la directive (UE) 2015/849.

Table of contents

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Relevant recitals