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Anti-money laundering: Council of Europe adopts rules which will make crypto-asset transfers traceable

18 mai 2023

Under the new rules, crypto asset service providers are obliged to collect and make accessible certain information about the sender and beneficiary of the transfers of crypto assets they operate, regardless of the amount of crypto assets being transacted. This ensures the traceability of crypto-asset transfers in order to be able to better identify possible suspicious transactions and block them.

The regulation of crypto-assets will be a widely discussed topic at the Banking 4.0 international conference focused on the impact of blockchain emerging technology in the new digital economy of web 3.0.

The EU is making it more difficult for criminals to circumvent anti-money laundering rules via crypto currencies. Today the Council adopted updated rules on information accompanying the transfers of funds by extending the scope of the rules to transfers of crypto assets.

„This ensures financial transparency on exchanges in crypto-assets and provides the EU with a solid framework that complies with the most demanding international standards on the exchange of crypto-assets, ensuring that these are not used for criminal purposes.” according to the press release.

Today’s decision is bad news for those who have misused crypto-assets for their illegal activities, to circumvent EU sanctions or to finance terrorism and war. Doing so will no longer be possible in Europe without exposure – it is an important step forward in the fight against money laundering.” says Elisabeth Svantesson, Minister for Finance of Sweden.



This regulation is part of a package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules, presented by the Commission on 20 July 2021. The package also includes a proposal to create a new EU authority to fight money laundering.

The Council agreed its position on the transfer of funds proposal on 1 December 2021. Trilogue negotiations started on 28 April 2022 and ended in a provisional agreement on 29 June. Today’s formal adoption is the final step in the legislative process.

Regulation on information accompanying transfers of funds and certain crypto-assets (recast)

Anti-money laundering: Provisional agreement reached on transparency of crypto asset transfers (press release, 29 June 2022)

Fight against money laundering and terrorist financing (background information)

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Cifra/Declaratia zilei

Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?