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European Union: Regulation on information accompanying transfers of funds and certain crypto-assets

Progress

Current status
in grace period
30 Dec 2024 in force
29 Jun 2023 in grace period
16 May 2023 adopted
20 Apr 2023 under deliberation
29 Jun 2022 under deliberation
31 Mar 2022 under deliberation
28 Nov 2021 processing consultation
22 Jul 2021 in consultation
20 Jul 2021 under deliberation

Scope

Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
executive
Government Body
parliament
central government
Implementation Level
supranational

Timeline of events

30 Dec 2024
in force

Implemented Regulation on information accompanying transfers of funds and certain crypto-assets

On 30 December 2024, the Regulation on information accompanying transfers of funds and certain crypto-assets was implemented. The Regulation is part of the EU anti-money laundering and countering terrorism financing package (AML/CFT), presented by t…

Source
Event type law
Action type implementation
Government branch legislature
Government body parliament
29 Jun 2023
in grace period

Entry into Force with Grace Period of Regulation on information accompanying transfers of funds and certain crypto-assets

On 29 June 2023, the Regulation on information accompanying transfers of funds and certain crypto-assets entered into force with a grace period. The Regulation aims to ensure the traceability of crypto-asset transfers by introducing an obligation fo…

Source
Event type law
Action type in force with grace period
Government branch legislature
Government body parliament
16 May 2023
adopted

Adopted by Council Regulation on information accompanying transfers of funds and certain crypto-assets

On 16 May 2023, the Council of the European Union adopted the Regulation on information accompanying transfers of funds and certain crypto-assets. The Regulation is part of the EU anti-money laundering and countering terrorism financing package (AML…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
20 Apr 2023
under deliberation

Passed Regulation on information accompanying transfers of funds and certain crypto-assets by the European Parliament

On 20 April 2023, the European Parliament passed the Regulation on information accompanying transfers of funds and certain crypto-assets. The Regulation is part of the EU anti-money laundering and countering terrorism financing package (AML/CFT), pr…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
29 Jun 2022
under deliberation

Reached Parliament and Council agreement on Regulation on information accompanying transfers of funds and certain crypto-assets

On 29 June 2022, the European Parliament and the Council reached a provisional agreement on the proposal for a regulation on “information accompanying transfers of funds and certain crypto-assets”. The proposal is part of the EU anti-money launderi…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
31 Mar 2022
under deliberation

Adopted Parliament's position on Proposal for a Regulation on information accompanying transfers of funds and certain crypto-assets

On 31 March 2022, the European Parliament Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties (LIBE) adopted their position on the Commission's proposal on “information accompanying transfers of funds and certain c…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
28 Nov 2021
processing consultation

Closed consultation on AML/CFT rules introducing obligations for crypto-asset service providers

The European Commission closed a consultation on the legislative package in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT) on 28 November 2021. In general, the package consists of a new regulating authority (…

Source
Event type law
Action type consultation closed
Government branch executive
Government body central government
22 Jul 2021
in consultation

Opened consultation on AML/CFT rules introducing obligations for crypto-asset service providers

The European Commission opened a consultation on the legislative package in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT) on 22 July 2021. The consultation will end on 28 November 2021. In general, the packa…

Source
Event type law
Action type consultation opened
Government branch executive
Government body central government
20 Jul 2021
under deliberation

Announced AML/CFT rules introducing obligations for crypto-asset service providers

The European Commission announced a legislative package in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT) on 20 July 2021. In general, the package consists of a new regulating authority (EU AML/CFT Authority …

Source
Event type law
Action type announcement
Government branch executive
Government body central government