APG Training Series: Implementation of the FATF Standards relating to VAs and VASPs
The fourth and final session of the virtual APG Training Series on Implementation of the FATF Standards relating to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) ‘Risk-Based Supervision & Enforcement’ was held on 8 December 2022 and attended by over 30 APG member jurisdictions and observer jurisdictions and organisations.
During the four part training series, APG members and observers learned about the VA and VASPs requirements under the FATF Standards, assessing risks associated with VA and VASPs, the varying approaches to frameworks and preventative measures, as well as hearing from supervisors and law enforcement on their experiences and best practices relating to risk-based supervision and enforcement.
The APG Secretariat would like to thank the following jurisdictions who presented over the course of the training series:
Australia (AUSTRAC and AFP)
China (Anti-Money Laundering Bureau)
FATF (VACG Co-Chair and Secretariat)
Japan (Financial Services Agency)
Malaysia (Securities Commission)
Mongolia (Financial Regulatory Commission)
New Zealand (Financial Markets Authority)
Singapore (Monetary Authority)
Switzerland (Financial Market Supervisory Authority and State Secretariat for International Finance)
Thailand (Anti-Money Laundering Office)
United States (FinCEN and Treasury)
The APG Secretariat thanks all APG members and observers who participated in the training series and hopes to share future APG initiatives on VA and VASPs in the New Year.