Supervisory Circular - AML/CFT Reporting Forms for VASPs

Further to the launch of the regulatory framework for the Virtual Asset (Service Providers) Law, 2020 on 31 October 2020, the Authority requires that entities engaged in or wishing to engage in virtual asset services must complete form AML/CFT Inherent Risks – Virtual Asset Service Provider – AIR 157-84. This obligation also applies to entities engaged in or wishing to engage in virtual asset services currently licensed or registered with the Authority for any other activity.

The form AML/CFT Inherent Risks – Virtual Asset Service Provider – AIR 157-84 is available on the Regulatory Enhanced Electronic Forms Submission (”REEFS”) platform, to be completed and filed on or before 31 January 2021. Please note that no extensions to the submission due date will be considered. This new form has been packaged with the registration form APP-101-84 and will become available via a link upon successful submission of the registration form. The package is available on the New Request page of REEFS with the name “VASP Registration Process -- APP-101-84”. The Guidance Notes for the completion of the AML/CFT reporting forms are available here on the Authority’s website. Should you require any further information, please contact vaspinfo@cima.ky

This filing is pursuant to regulation 53(A) of the Anti-Money Laundering Regulations (2020 Revision) (“AMLRs”). The Authority takes this opportunity to remind all entities engaged in or wishing to engage in virtual asset services of their obligations under regulation 53(A) of the AMLRs to produce such information as may be required by the Authority in connection with the exercise of its functions.

The Authority thanks you for your cooperation in ensuring that the jurisdiction remains compliant with international standards.