Source: OJ L 150, 9.6.2023, pp. 1–39

Article 24 Provision of information

Summary What does Article 24 of the Transfer of funds regulation (TFR) say?

This article establishes a clear obligation for payment service providers and crypto-asset service providers to cooperate with national AML/CFT authorities.

It requires them to respond fully and without delay to enquiries from the authorities responsible for preventing and combating money laundering or terrorist financing in their Member State, concerning information required under this Regulation.

The article also connects to Article 45(9) of Directive (EU) 2015/849, noting that where a central contact point has been appointed under that provision, it may serve as the channel through which responses are provided.

Important points:

Respond fully and without delay to enquiries from national AML/CFT authorities concerning information required under this Regulation.
The obligation applies to both payment service providers and crypto-asset service providers.
Enquiries must come exclusively from the AML/CFT authorities of the Member State in which the provider is established or has its registered office.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Payment service providers and crypto-asset service providers shall respond fully and without delay, including by means of a central contact point in accordance with Article 45(9) of Directive (EU) 2015/849, where such a contact point has been appointed, and in accordance with the procedural requirements laid down in the national law of the Member State in which they are established or have their registered office, as applicable, to enquiries exclusively from the authorities responsible for preventing and combating money laundering or terrorist financing of that Member State concerning the information required under this Regulation.

Table of contents

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Relevant recitals