(1) A cryptoasset business involved in an unhosted wallet transfer may request from its customer (whether the originator or the beneficiary) -
(a) such information specified in regulation 64C(5) as it does not already hold; and
(b) where the unhosted wallet transfer is equal to or exceeds the equivalent in cryptoassets of 1,000 euros in value (taken together with any other cryptoasset transfer which appears to be linked), and where its customer is the beneficiary, the information specified in regulation 64C(6) in respect of the originator.
(2) In determining under paragraph (1) whether to request information from its customer, the cryptoasset business must have regard to -
(a) the risk assessments carried out by the cryptoasset business under regulations 18(1) and 18A(1); and
(b) its assessment of the level of risk of money laundering, terrorist financing and proliferation financing arising from the unhosted wallet transfer.
(3) In assessing the level of risk under paragraph (2)(b), a
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