Back

FATF Publishes Report on Offshore Virtual Asset Service Provider Risks

Japan’s Financial Services Agency (Japan financial regulator) directed readers to its website for more details after the report was published on March 11, Reiwa 8.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • FATF: Financial Action Task Force, the global standard-setter for anti-money laundering and counter-terrorism financing rules.
  • Virtual Asset Service Provider: A business that handles crypto-related services such as exchange, transfer, or custody for users.
  • Offshore VASP: A crypto service provider based outside a user’s home jurisdiction, which can create added oversight and compliance risks.