44. Issuers of ARTs which are not obliged entities under Directive 2015/849/EU should always …

Issuers of ARTs which are not obliged entities under Directive 2015/849/EU¹⁰ should always explain in the redemption plan how they will involve intermediaries subject to that Directive so that these intermediaries:

• a) perform anti-money laundering and combating the financing of terrorism (AML/CFT) checks, including customer due diligence checks on the token holders that have submitted a redemption claim; and
• b) comply with their obligations under Regulation (EU) 2023/1113 (Transfer of Funds Regulation)¹¹ (see paragraphs 55 and 56 of these Guidelines) with respect to the transfer.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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