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Version status: Entered into force | Document consolidation status: No known changes
Version date: 29 June 2023 - 29 December 2024
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Article 21 Transfers of crypto-assets with missing information on the originator or the beneficiary

1. The intermediary crypto-asset service provider shall establish effective risk-based procedures, including procedures based on the risk-sensitive basis referred to in Article 13 of Directive (EU) 2015/849, for determining whether to execute, reject, return or suspend a transfer of crypto-assets lacking the required information on the originator and the beneficiary and for taking the appropriate follow up action.

Where the intermediary crypto-asset service provider becomes aware, when receiving a transfer of crypto-assets, that the information referred to in Article 14(1), points (a), (b) and (c), and Article 14(2), points (a), (b) and (c), or Article 15(1), is missing or incomplete, that intermediary crypto-asset service provider shall, on a risk-sensitive basis and without undue delay:

(a) reject the transfer or return the transferred crypto-assets; or

(b) request the required information on the originator and the beneficiary before making the transmission of the transfer of crypto-

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