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To identify and assess the money laundering risks emerging from virtual assets, countries should ensure that virtual asset service providers are: (Select Two.)
To effectively mitigate money laundering risks in the virtual asset sector, countries must ensure that Virtual Asset Service Providers (VASPs) are subject to AML regulations (B), which provide the legal framework for risk-based customer due diligence and reporting suspicious activities. Additionally, VASPs must maintain effective monitoring systems (C) that enable the detection and reporting of suspicious transactions.
While connection to regulated financial institutions (A) and beneficial ownership evaluation (E) are important components of AML frameworks, the foundational requirements per FATF and DFSA guidance focus on regulatory oversight and operational controls.
Jurisdictional regulatory expectations (D) influence enforcement but do not replace the need for direct AML regulatory application on VASPs.