2024.02.08
FIU Updates Anti-Money Laundering Casebook, Expands VASP Criteria
The FIU released the "Anti-Money Laundering Regime Casebook 2.0," with a major update after six years. It suggests that crypto-related businesses not registered as VASPs may have reporting obligations. The interpretation of the Special Money Act indicates trading bot developers and securities firms might need to register as VASPs. Domestic businesses buying overseas virtual assets for profit could also fall under VASP regulations. The FIU plans to update the casebook every five years to stay current with industry developments.
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