Banca d’Italia told Italian crypto-asset service providers on Sept. 7 to verify that every transfer passes through sanctions screening, regardless of its value.
Summary
- Every crypto transfer must undergo sanctions screening, regardless of value, under existing European banking guidelines.
- Banca d’Italia told CASPs to verify screening systems contain no minimum transaction threshold configured internally.
- Firms must check originator and beneficiary information before executing individual crypto-asset transfers for customers consistently.
- The screening requirements have applied in Italy since December 30, 2025, rather than starting September.
- Instant-payment exceptions…
