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  • CRA-5.5 CRA-5.5 Origin and Destination of Crypto-asset

    • CRA-5.5.1

      Licensees must consider using technology solutions and other systems to adequately meet anti-money laundering, financial crime and know-your-customer requirements.

      Added: April 2019

    • CRA-5.5.2

      Licensees must develop, implement and maintain effective transaction monitoring systems to determine the origin of a crypto-asset, to monitor its destination and to apply strong “know your transaction” measures which enable the licensees to have complete granular data centric information about the transactions conducted by a client.

      Added: April 2023

    • CRA-5.5.3

      Licensees must be vigilant and establish internal processes and indicators to identify crypto-assets that may have been tainted i.e. used for an illegal purpose (for example, certain client or use of “mixer” and “tumbler” services).

      Added: April 2023