Council of the European Union and European Parliament 31 May 2023, Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (Text with EEA relevance)

Also known as

Regulation (EU) 2023/1113 establishes a harmonized framework for the information accompanying transfers of funds and crypto-assets to enhance traceability for the prevention, detection, and investigation of money laundering and terrorist financing. Key provisions mandate that payment and crypto-asset service providers ensure transfers are accompanied by verified originator and beneficiary data, extending these obligations to intermediary providers and transactions involving self-hosted addresses or crypto-ATMs. The Regulation further amends Directive (EU) 2015/849 to include crypto-asset service providers as obliged entities and introduces requirements for internal policies to ensure compliance with Union restrictive measures.AI

European Union · · · Cited by 343 · 31-05-2023

CHAPTER I. Subject matter, scope and definitions
Article 1. Subject matter
Article 2. Scope
Article 3. Definitions
CHAPTER II. Obligations on payment service providers
Section 1. Obligations on the payment service provider of the payer
Article 4. Information accompanying transfers of funds
Article 5. Transfers of funds within the Union
Article 6. Transfers of funds to outside the Union
Section 2. Obligations on the payment service provider of the payee
Article 7. Detection of missing information on the payer or the payee
Article 8. Transfers of funds with missing or incomplete information on the payer or the payee
Article 9. Assessment and reporting
Section 3. Obligations on intermediary payment service providers
Article 10. Retention of information on the payer and the payee accompanying the transfer
Article 11. Detection of missing information on the payer or the payee
Article 12. Transfers of funds with missing information on the payer or the payee
Article 13. Assessment and reporting
CHAPTER III. Obligations on crypto-asset service providers
Section 1. Obligations on the crypto-asset service provider of the originator
Article 14. Information accompanying transfers of crypto-assets
Article 15. Batch file transfers of crypto-assets
Section 2. Obligations on the crypto-asset service provider of the beneficiary
Article 16. Detection of missing information on the originator or the beneficiary
Article 17. Transfers of crypto-assets with missing or incomplete information on the originator or the beneficiary
Article 18. Assessment and reporting
Section 3. Obligations on intermediary crypto-asset service providers
Article 19. Retention of information on the originator and the beneficiary accompanying the transfer
Article 20. Detection of missing information on the originator or the beneficiary
Article 21. Transfers of crypto-assets with missing information on the originator or the beneficiary
Article 22. Assessment and reporting
CHAPTER IV. Common measures applicable by payment service providers and crypto-asset service providers
Article 23. Internal policies, procedures and controls to ensure implementation of restrictive measures
CHAPTER V. Information, data protection and record-retention
Article 24. Provision of information
Article 25. Data protection
Article 26. Record retention
Article 27. Cooperation among competent authorities
CHAPTER VI. Sanctions and monitoring
Article 28. Administrative sanctions and measures
Article 29. Specific provisions
Article 30. Publication of sanctions and measures
Article 31. Application of sanctions and measures by competent authorities
Article 32. Reporting of breaches
Article 33. Monitoring
CHAPTER VII. Implementing powers
Article 34. Committee procedure
CHAPTER VIII. Derogations
Article 35. Agreements with countries and territories which do not form part of the territory of the Union
CHAPTER IX. Other provisions
Article 36. Guidelines
Article 37. Review
CHAPTER X. Final provisions
Article 38. Amendments to Directive (EU) 2015/849
Article 39. Repeal
Article 40. Entry into force
ANNEX I. REPEALED REGULATION WITH THE AMENDMENT THERETO

9.6.2023

Official Journal of the European Union

L 150/1

REGULATION (EU) 2023/1113 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 31 May 2023

on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849

(recast)

(Text with EEA relevance)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the

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