EBA Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113 (Travel rule Guidelines) – applicable from 30 December 2024

European Banking Authority (EBA) has issued Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113 (The Travel Rule Guidelines). These Guidelines replace the ESAs’ previous Joint Guidelines on prevention of abuse of fund transfers in money laundering and terrorist financing (JC/GL2017/16).

The Financial Supervisory Authority (FIN-FSA) has confirmed that it will comply with the Guidelines.

In accordance with Article 16(3) of EBA Regulation (EU) No 1093/2010, financial institutions shall make every effort to comply with EBA Guidelines.

Subject matter

The Guidelines specify the requirements for policies and procedures prepared for the detection and management of deficient payment information. The Guidelines also specify the steps that payment service providers (PSP), intermediary payment service providers (IPSP), crypto-asset service providers (CASP) and intermediary crypto-asset service providers (ICASP) should take to manage the risk of money laundering or terrorist financing when the required information is deficient.

The Guidelines also specify what concrete information should accompany a payment as well as provide guidance on measures to identify and assess money laundering and terrorist financing risks regarding transfers of crypto-assets to or from a self-hosted address.

Entry into force

The Guidelines will apply from 30 December 2024.

For further information, please contact

Viivi Jantunen, Senior Specialist, telephone +358 9 183 5003 or viivi.jantunen(at)fiva.fi

Appendix

Travel Rule Guidelines (pdf)

See also

FIN-FSA website: Guidelines of the European Supervisory Authorities