The Bank of Italy has told all crypto-asset service providers operating in the country to run sanctions screening on every transfer, with no minimum threshold. Under the requirement, even a €1 transaction must pass automated screening before it can be executed. The instruction cites European Banking Authority guidelines and requires firms to screen both the sender and the recipient before a transfer is processed. The stated aim is to stop sanctioned parties from avoiding detection by splitting larger sums into smaller payments. The move pushes Italian crypto oversight beyond a formal regulatory framework and into day-to-day operational compliance, with operators expected to show that their screening systems work in practice.
The Bank of Italy has required all crypto-asset service providers operating in the country to conduct sanctions screening on every transfer, with no minimum amount threshold. Under the rule, even a €1 transfer must go through automated screening before it can be executed.
All transfers fall under the screening requirement
The instruction cites European Banking Authority guidelines and requires operators to carry out automated checks on both the sender and the recipient before a transfer is processed.
The measure is aimed at preventing sanctioned parties from evading detection by breaking up larger sums into smaller transfers.
Compliance moves into daily operations
The requirement shows that crypto regulation in Italy is moving from a theoretical framework to day-to-day operational compliance. Operators are also expected to demonstrate that their systems are effective in actual use.
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