EBA issues two sets of Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national sanctions measures

The first set of Guideline is applicable to all institutions under the EBA’s supervisory scope, outlines the governance and risk management requirements necessary to ensure institutions do not breach or evade restrictive measures. Meanwhile, the second set specifically targets payment service providers (PSPs) and cryptoasset service providers (CASPs), detailing their responsibilities when handling transfers of funds or crypto-assets to comply with these measures…