EBA: Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures

EBA has published two sets of guidelines that, for the first time, set common EU standards on the governance arrangements and the policies, procedures and controls financial institutions should have in place to be able to comply with Union and national restrictive measures. The first set is addressed to all institutions within the EBA’s supervisory remit, whilst the second set is specific to payment service providers and cryptoasset service providers and sets out what they should do to be able to comply with restrictive measures when performing transfers of funds or cryptoassets.