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The Italian central bank requires payment service providers PSPs and cryptocurrency service providers CASPs to continuously use travel rule related procedures to review financial transactions, without setting a minimum amount threshold. Relevant institutions must verify the names of the initiators and beneficiaries when establishing customer relationships, making decisions by the European Council, and conducting each transaction, and compare them with the list of sanctioned individuals and businesses. The automated system shall not set a minimum amount threshold to restrict transaction review, and may accept transfer delays if necessary to strengthen sanction screening. (Source: Bitcoin.com News)