Publication: Virtual Assets and Virtual Asset Service Providers ML/ TF Risk Assessment Tool: Guidance Manual
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2022
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2022-07-26
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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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“World Bank. 2022. Virtual Assets and Virtual Asset Service Providers ML/ TF Risk Assessment Tool: Guidance Manual. National Money Laundering / Terrorist Financing (ML/TF) Risk Assessment Toolkit;. © World Bank. http://hdl.handle.net/10986/37761 License: CC BY 3.0 IGO.”
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