Regulatory Alerts2022-10-12
VASP Registration Scope Guidance Note
The Gibraltar Financial Services Commission issued this guidance to define the scope of Virtual Asset Service Provider activities requiring registration under the Proceeds of Crime Act 2015. The document specifies that firms must carry out regulated activities by way of business from Gibraltar, maintain a local registered office, and appoint a full-time Money Laundering Reporting Officer. It further clarifies that token sales and virtual asset exchange services fall within this framework, while explicitly excluding privacy-enhancing assets and mixing services due to high money laundering risks.
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