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KYC / AML / CTF

The KYC/AML/CTF working group is comprised of both cryptoasset and traditional financial services compliance, legal and regulatory practitioners, who articulate best practices in the areas of customer due diligence and the prevention of financial crime associated with money laundering and terrorist financing.

The working group has developed an Anti-Money Laundering Due Diligence Questionnaire for Virtual Asset Service Providers (VASPs). The questionnaire has been designed to provide an overview of the VASP’s anti-money laundering policies and practices. It may be used as part of the on-boarding entity’s AML programme’s due diligence requirements for a particular VASP. However, institutions are responsible for ensuring their AML programmes are designed to meet regulatory requirements/expectations and internal risk management standards of their jurisdiction, thereby determining the exact manner in which the Questionnaires are utilised in their AML programme.