Virtual Asset Services Providers (VASPs)
Since FATF’s adoption of its Interpretive note to Recommendation 15, in June 2019, the industry is often referred to as the Virtual Asset Service Provider industry. Our firm is involved in a number of international projects relating to digital currency regulation and best practice.
How we can help
The law surrounding digital currencies is complex and rapidly evolving. We help participants:
- Register as a Digital Currency Exchange (DCE) with AUSTRAC
- Implement an AML/CTF Program
- Consider Australian Financial Services Licensing
- By providing due diligence letters as required by acquiring banks and other payment services providers and Card Scheme operators
