Article 37 AMLR – Specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers 1.   By way of derogation from Article 36, with respect to cross-border correspondent relationships involving the execution of crypto-asset services, with a respondent entity not established in the Union and providing similar services, including transfers of crypto-assets, crypto-asset service providers shall, in addition to the customer due diligence measures laid down in Article 20, when entering into a business relationship, be required to: (a) determine if the respondent entity is licensed or registered; (b) gather sufficient information about the respondent entity to understand fully the nature of the respondent’s business and to determine from … Continue reading Article 37 AMLRRead More →