Peru Issues Regulation for Virtual Asset Service Providers, Strengthens AML/CFT Requirements

Peru’s Superintendency of Banks and Insurance has issued a resolution requiring virtual asset service providers to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures as part of their compliance plan. The resolution is in line with the Financial Action Task Force (FATF) recommendations and aims to control criminals and prevent the use of these platforms for illicit purposes. […]