Peru Issues VASP Regulation, Strengthens AML/TF Requirements

The Superintendence of Banking and Insurance (SBS) of Peru, has issued a solution that forces VASPs to instrumentality Know Your Customer (KYC) and anti-money laundering (AML) measures arsenic portion of a compliance plan. The solution is successful enactment with FATF recommendations and seeks to power and debar criminals to usage these platforms for illicit purposes. […]