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 Licensee, 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 Licensee 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.
Amended: January 2022
Added: January 2020