ESMA issued a Q&A document to promote the sound, effective and consistent application of EU rules on anti-money laundering (AML) and counter-terrorist financing (CTF) for investment-based crowdfunding. The Q&A are aimed at NCAs to support them in delivering common supervisory approaches and practices in this area, taking into account the characteristics of, and risks associated with, different aspects of investment-based crowdfunding. ESMA also believes that the Q&A also help market participants by providing clarity on the issues involved.