Virtual Assets and Virtual Asset Service Providers ML/ TF Risk Assessment Tool : Guidance Manual
The World Bank’s VA and VASP ML/TF Risk Assessment Tool (VA-RA) and this Guidance, aims to assist countries in assessing the ML/TF risks of VA activities and the service providers in the financial and non-financial sectors involved in these activit...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099710007122214921/P17235505dd33b0220a97101c8c03389faa http://hdl.handle.net/10986/37761 |
| Summary: | The World Bank’s VA and VASP ML/TF
Risk Assessment Tool (VA-RA) and this Guidance, aims to
assist countries in assessing the ML/TF risks of VA
activities and the service providers in the financial and
non-financial sectors involved in these activities. It
outlines the steps and explanations to assist countries to
understand the ML/TF risks associated with VA activities. It
examines VA activities and VASPs that fall within the scope
of the FATF Recommendations, as these VASPs have the same
full set of obligations as financial institutions or
Designated Non-Financial Businesses or Professions (DNFBPs).
It also considers other actors within the technology
providers sector that may fall within the definition of FATF
VASPs if they provide any of the functions defined in the
FATF Recommendation 15. |
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