ChainCatcher reported that the European Banking Authority (EBA), a European regulator responsible for addressing weaknesses in the European banking industry, has issued two sets of guidelines, including specific guidelines for payment service providers (PSPs) and crypto asset service providers (CASPs). The guidelines will apply from December 30, 2025.
The EBA specifies what measures PSPs and CASPs must take when transferring funds or cryptocurrencies in order to comply with EU and national restrictive measures regimes. According to the EBA, these guidelines ensure the implementation of EU and national sanctions.
“This guidance sets out how restrictive measures policies and procedures interact with financial institutions’ broader governance and risk management frameworks to avoid operational and legal risks to financial institutions and ensure the effective implementation of restrictive measures,” the EBA wrote.