A third party service provider that provides accepted crypto-asset transfers and/or electronic transfer of funds (wire transfer) on behalf of a Capital Market Service Provider, irrespective of whether the third party service provider is licensed by the CBB or not, must comply with the requirements of Paragraph AML-2A.1. A Capital Market Service Provider is ultimately responsible for the functioning and activities of the third party service provider and must ensure that the third party service provider meets all regulatory obligations as specified in this Section.
Added: January 2020