Recital 17

(17) Crowdfunding intermediaries, which operate a digital platform in order to match or facilitate the matching of funders with projects owners such as associations or individuals that seek funding, are exposed to money laundering and terrorist financing risks. Undertakings that are not licensed under Regulation (EU) 2020/1503 are currently left either unregulated or are subject to diverging regulatory approaches across Member States, including in relation to rules and procedures to tackle money laundering and terrorist financing risks. Such intermediaries should therefore be subject to the obligations of this Regulation, in particular to avoid the diversion of funds as defined in Article 4, point (25), of Directive (EU) 2015/2366 or crypto-assets raised for illicit purposes by criminals. In order to mitigate such risks, those obligations apply to a wide range of projects, including, inter alia, educational or cultural projects and the collection of those funds or crypto-assets to support more general causes, for example in the humanitarian field, or to organise or celebrate a family or social event.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.