Key aspects of the new regulations include:
Cryptocurrency services will now verify client information for transactions exceeding 1000 euros.
Sellers of high-value items, such as cars, yachts, and artworks, will be required to collect buyer data and report any suspicious transactions.
Banks, real estate agencies, casinos, and asset managers will face stricter scrutiny, particularly regarding cross-border transactions.
Transactions involving autonomous cryptocurrency wallets will also be closely monitored, with comprehensive checks on clients managing significant financial assets.
Additionally, financial intelligence units in EU member states will gain access to a broader range of data and will have the authority to suspend or block suspicious transactions.
For Ukrainians working in the EU or engaging in financial activities using European systems, these changes may lead to more stringent verification processes and additional documentation requirements, especially for those utilizing cryptocurrency or participating in large transactions.