# Chapter III — CASP obligations **Source:** [Regulation (EU) 2023/1113 — EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1113) Chapter III is the **core of ToFR for CASPs**. It is the EU implementation of the **FATF Travel Rule** for transfers of virtual assets (FATF Recommendation 16, as revised in June 2019). The chapter is structured in three sections by **role in the transfer chain**: * **Section 1 — CASP of the originator** ([Arts. 14–15](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations.md)): the sending side. Must collect and submit a defined set of information about both the originator and the beneficiary, verify the originator's information, and apply heightened controls for self-hosted addresses above EUR 1 000. * **Section 2 — CASP of the beneficiary** ([Arts. 16–18](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations.md)): the receiving side. Must detect missing or incomplete information, apply heightened controls for self-hosted addresses above EUR 1 000, take risk-based action (execute, reject, return, suspend) on incomplete transfers, and feed into FIU suspicion reporting. * **Section 3 — Intermediary CASPs** ([Arts. 19–22](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations.md)): the conduit. Must transmit all received information with the transfer, retain records, detect missing data, and apply the same risk-based execute/reject/return/suspend logic. ## What is different from the funds regime The most important structural differences from [Chapter II](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations.md): | Funds (Chapter II) | Crypto-assets (Chapter III) | | ------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------- | | EUR 1 000 threshold relaxes verification and information set | **No threshold** — information obligation applies regardless of amount | | Intra-Union derogation (Art. 5) allows light payload | **No intra-Union derogation** — domestic and cross-border treated identically | | No self-hosted address concept | Specific **EUR 1 000 ownership-check trigger** for self-hosted addresses (Arts. 14(5), 16(2)) | | Information must "accompany" the transfer | Information may be submitted **in advance of, simultaneously, or concurrently with** the transfer; need not be attached on-chain (Art. 14(4)) | | Information set: payer/payee name, account number, address/DoB, LEI | Information set additionally includes **DLT address** and **crypto-asset account number** when applicable (Art. 14(1)–(2)) | The first difference — **no threshold** — is the most operationally significant. Recital 30 explains the rationale: crypto-asset transfers can be carried out across multiple jurisdictions at high speed, criminals can structure large transfers across many one-time-use DLT addresses, and most crypto-assets are volatile enough to make any linked-transactions threshold unreliable. ## Articles in this chapter ### Section 1 — Obligations on the CASP of the originator | Article | Title | One-liner | | -------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------ | | [Art. 14](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-14-information-accompanying-transfers-of-crypto-assets.md) | Information accompanying transfers of crypto-assets | The mandatory data set for both originator and beneficiary; verification; self-hosted address ownership check above EUR 1 000. | | [Art. 15](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-15-batch-file-transfers.md) | Batch file transfers of crypto-assets | Carve-out for batch files containing verified information. | ### Section 2 — Obligations on the CASP of the beneficiary | Article | Title | One-liner | | ----------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------- | | [Art. 16](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-16-detection-of-missing-information.md) | Detection of missing information | Procedures to detect missing originator/beneficiary information; ownership check on inbound from a self-hosted address above EUR 1 000. | | [Art. 17](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-17-transfers-with-missing-or-incomplete-information.md) | Transfers with missing or incomplete information | Risk-based decision to execute, reject, return or suspend; report repeat offenders. | | [Art. 18](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-18-assessment-and-reporting.md) | Assessment and reporting | Missing information is a factor in the FIU suspicion test under AMLD5. | ### Section 3 — Obligations on intermediary CASPs | Article | Title | One-liner | | --------------------------------------------------------------------------------------------------------------------------- | ---------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------ | | [Art. 19](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-19-retention-of-information.md) | Retention of information | Transmit information with the transfer; retain records; make available on competent-authority request. | | [Art. 20](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-20-detection-of-missing-information.md) | Detection of missing information | Procedures to detect whether originator/beneficiary information was submitted in advance, simultaneously or concurrently with the transfer (or batch). | | [Art. 21](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-21-transfers-with-missing-information.md) | Transfers with missing information | Risk-based execute/reject/return/request, plus repeat-offender escalation. | | [Art. 22](/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations/article-22-assessment-and-reporting.md) | Assessment and reporting | FIU suspicion factor, intermediary version. | ## Cross-references * [MiCA Title V](broken://pages/IOUZp1tFXAYE8lDYy7Nc) — Chapter III only applies to entities operating as CASPs. Authorisation under [MiCA Art. 59](broken://pages/NBDFLWbUi64s4ZHQrtx3) is therefore a precondition. * [MiCA Art. 82 (transfer services for crypto-assets)](broken://pages/tfHwUd1WYacCBxDkEObE) — CASPs providing transfer services are the principal addressees of these Travel Rule obligations. * AMLD5 Art. 19a and 19b (inserted by ToFR Art. 38) — heightened CDD for self-hosted addresses and for crypto correspondent relationships. * [EBA Q\&A 7172 (Lightning Network / Travel Rule scope)](broken://pages/5aEzmSr54ZbTeNdPPVMD) — supervisory interpretation of ToFR scope for Lightning Network payments. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://www.mica.wtf/tofr/transfer-of-funds-regulation/chapter-iii-casp-obligations.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.