{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2023-06-09","gaps":[],"covered":["ToFR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/tofr/articles/17","url":"https://www.headlesslaw.com/tofr/articles/17","title":"Article 17 — Transfers of crypto-assets with missing or incomplete information on the originator or the beneficiary","family":"l1_hand","work_id":"tofr","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":"2024-12-30","application":{"state":"applicable","next":null,"dates":[{"at":"2024-12-30","note":"Article 40"}]},"version_label":"Regulation (EU) 2023/1113, OJ L 150, 9.6.2023","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg/2023/1113/oj/eng","valid_from":"2023-06-09","valid_until":null,"revision":1,"content_id":"7a5cd86b27512aa4","change_date":null,"nearest_versions":["2023-06-09"],"first_text_date":"2023-05-31","correction_applies":false,"versions":["2023-06-09"],"version_url":"https://www.headlesslaw.com/tofr/articles/17/versions/2023-06-09","revision_url":"https://www.headlesslaw.com/tofr/articles/17/versions/2023-06-09/rev/7a5cd86b27512aa4","versions_url":"https://www.headlesslaw.com/tofr/articles/17/versions","relations_url":"https://www.headlesslaw.com/tofr/articles/17/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg/2023/1113/oj/eng","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"2abdd31e22118529de3cba376e6e1c4cfabb9d4d648dc24b1613d4e1dbff15b1","markdown_sha256":"e94c72fd32d8affec23d5d3659799725ef6d2877bbf15f94c568f8814896ce46"},"units":[{"locator":"tofr/art/17","kind":"article","status":"in_force","label":null,"heading":"Transfers of crypto-assets with missing or incomplete information on the originator or the beneficiary","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"tofr/art/17/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"The crypto-asset service provider of the beneficiary shall implement effective risk-based procedures, including procedures based on the risk-sensitive basis referred to in Article 13 of Directive (EU) 2015/849, for determining whether to execute, reject, return or suspend a transfer of crypto-assets lacking the required complete information on the originator and the beneficiary and for taking the appropriate follow-up action.","marks":[],"revision":1,"text_hash":"1e98ab75806cde66818a408f0eaf33ba29af21a39f96eefd383bc5352e2f3ae2","reason":null},{"locator":"tofr/art/17/para/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"Where the crypto-asset service provider of the beneficiary becomes aware that the information referred to in Article 14(1) or (2), or in Article 15, is missing or incomplete, that crypto-asset service provider shall, on a risk-sensitive basis and without undue delay:","marks":[],"revision":1,"text_hash":"0ac99a227db78457aa3638ab8341ae8de5cff63a987a647710af4c0fb54bf358","reason":null},{"locator":"tofr/art/17/para/1/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"reject the transfer or return the transferred crypto-assets to the originator’s crypto-asset account; or","marks":[],"revision":1,"text_hash":"69bf08b2f451135e573100727c2c3f4f530b563d5f3b283515586c5492a5d311","reason":null},{"locator":"tofr/art/17/para/1/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"request the required information on the originator and the beneficiary before making the crypto-assets available to the beneficiary.","marks":[],"revision":1,"text_hash":"e578fbff38dc372a2ccd024319fcc9b910a05f27c0389499020b65f2c901698a","reason":null},{"locator":"tofr/art/17/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Where a crypto-asset service provider repeatedly fails to provide the required information on the originator or the beneficiary, the crypto-asset service provider of the beneficiary shall:","marks":[],"revision":1,"text_hash":"c61c0680c27980803e13aa1f389ba7a163074f70ba43db0d3b9232f61e149d73","reason":null},{"locator":"tofr/art/17/para/2/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"take steps, which may initially include the issuing of warnings and setting of deadlines, before proceeding to a rejection, restriction or termination in accordance with point (b) if the required information is still not provided; or","marks":[],"revision":1,"text_hash":"6fed0f59d65451b05559670ea78f624711f2c40d50afebceaa6e6c090f227995","reason":null},{"locator":"tofr/art/17/para/2/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"directly reject any future transfers of crypto-assets to or from, or restrict or terminate its business relationship with, that crypto-asset service provider.","marks":[],"revision":1,"text_hash":"51a0735e0ac13be609fae9839f8351b88246395929c6cf07967b60e6570aef32","reason":null},{"locator":"tofr/art/17/para/2/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"The crypto-asset service provider of the beneficiary shall report that failure, and the steps taken, to the competent authority responsible for monitoring compliance with anti-money laundering and counter-terrorist financing provisions.","marks":[],"revision":1,"text_hash":"81e49b976764df9dd5c2ce6fb75cf911c889d2b93588425f4b7834bd9de7ff01","reason":null}],"markdown":"*In force · Regulation (EU) 2023/1113, OJ L 150, 9.6.2023 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2023/1113/oj/eng)*\n\n1. <a id=\"p-1\"></a>The [crypto-asset service provider](https://www.headlesslaw.com/definitions/tofr/crypto-asset-service-provider) of the [beneficiary](https://www.headlesslaw.com/definitions/tofr/beneficiary) shall implement effective risk-based procedures, including procedures based on the risk-sensitive basis referred to in Article 13 of Directive (EU) 2015/849, for determining whether to execute, reject, return or suspend a [transfer of crypto-assets](https://www.headlesslaw.com/definitions/tofr/transfer-of-crypto-assets) lacking the required complete information on the [originator](https://www.headlesslaw.com/definitions/tofr/originator) and the beneficiary and for taking the appropriate follow-up action.\n\n    Where the [crypto-asset service provider](https://www.headlesslaw.com/definitions/tofr/crypto-asset-service-provider) of the [beneficiary](https://www.headlesslaw.com/definitions/tofr/beneficiary) becomes aware that the information referred to in Article 14(1) or (2), or in Article 15, is missing or incomplete, that [crypto-asset service provider](https://www.headlesslaw.com/definitions/tofr/crypto-asset-service-provider) shall, on a risk-sensitive basis and without undue delay:\n\n    <a id=\"p-1-a\"></a>**(a)** reject the transfer or return the transferred [crypto-assets](https://www.headlesslaw.com/definitions/tofr/crypto-asset) to the [originator](https://www.headlesslaw.com/definitions/tofr/originator)’s [crypto-asset account](https://www.headlesslaw.com/definitions/tofr/crypto-asset-account); or\n\n    <a id=\"p-1-b\"></a>**(b)** request the required information on the originator and the beneficiary before making the crypto-assets available to the beneficiary.\n2. <a id=\"p-2\"></a>Where a crypto-asset service provider repeatedly fails to provide the required information on the originator or the beneficiary, the crypto-asset service provider of the beneficiary shall:\n\n    <a id=\"p-2-a\"></a>**(a)** take steps, which may initially include the issuing of warnings and setting of deadlines, before proceeding to a rejection, restriction or termination in accordance with point (b) if the required information is still not provided; or\n\n    <a id=\"p-2-b\"></a>**(b)** directly reject any future transfers of crypto-assets to or from, or restrict or terminate its business relationship with, that crypto-asset service provider.\n\n    The crypto-asset service provider of the beneficiary shall report that failure, and the steps taken, to the competent authority responsible for monitoring compliance with anti-money laundering and counter-terrorist financing provisions.\n\n***\n\n[Chapter III — Obligations on crypto-asset service providers](../chapters/iii.md) › Section 2 — Obligations on the crypto-asset service provider of the beneficiary · [← Article 16](16.md) · [Article 18 →](18.md)\n"}