EBU Single Rulebook Q&A 16 July 2018 2018_4117 Sanctions list screening in the context of TPPs' services - risk management policy

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European Union · · · 12-03-2021

Is the Account Servicing Payment Service Provider (ASPSP) obliged to recognise if a Third Party Payment Service Providers (TPP) is named on a sanctions list or even take some actions when the TPP becomes a designated entity? How the prohibition of directly or indirectly making funds or economic resources available to designated persons and entities is defined in this context?

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