Cabinet endorses the National Risk Assessment Report on Virtual Assets and Virtual Assets Service Providers
August 30, 2022
The findings from the National Risk Assessment Report on Virtual Assets (VAs) and Virtual Assets Service Providers (VASPs), were presented to the Cabinet of Ministers, on 24th August, 2022.
The Cabinet has given its endorsement to the adoption and publication of the report.
The National Risk Assessment was conducted during the first half of the year, with the primary objective of aiding the National Anti-Money Laundering and Countering the Financing of Terrorism Committee (NAC), and its constituent competent and supervisory authorities to assess the Money Laundering (ML) and Terrorist Financing (TF) risks associated with the existing activities within this area and the risks associated with having a VA/VASP regime in the Seychelles. This is consistent with the Financial Action Task Force (FATF) recommendations.
The endorsement of VA/VASP NRA, permits the NAC to proceed with preparation of a policy framework, guided by the findings and aligned with anti-money laundering (AML) and countering the financing of terrorism (CFT) international best practices.
For more information, click on the links below.
http://www.finance.gov.sc/uploads/files/PR-Cabinet-endorses-the-VA-VASP-NRA-Report-30.08.2022.pdf
http://www.finance.gov.sc/uploads/files/Report-Seychelles-ONRA-ML-TF-of-VA-and-VASP-26.08.2022.pdf