APG Training Series: Session 1 - Introduction to VA/VASPs

5 November 2021

The first session of the virtual APG Training Series, 'Introduction to VA/VASPs and the relevant FATF Standards', was held on 2 November 2021 and attended by over 40 APG member jurisdictions and observer jurisdictions and organisations. 

The session included an overview of virtual assets (VA), VA technology and virtual asset service providers (VASPs) and the new FATF requirements relating to VA and VASPs. The session also examined regulation/prohibition frameworks, key considerations for implementation and FATF observations of R.15 implementation across the global network.

The second session of the APG Training Series is scheduled for 7 December and will focus on risks associated with VA/VASPs, including conducting sectoral risk assessments and some best practice examples.