FIU Updates Anti-Money Laundering Casebook, Expands VASP Criteria

The Financial Intelligence Unit (FIU) released “Anti-Money Laundering Regime Casebook 2.0” on Feb. 7, marking the first major update in six years. Notably, it clarified that crypto-related businesses not registered as Virtual Asset Service Providers (VASPs) may be obliged to report. The FIU also suggested that trading bot developers and securities firms might need to register as VASPs in certain cases. Additionally, it indicated that domestic businesses dealing with overseas virtual assets could fall under VASP criteria, depending on commercial viability. The FIU emphasized ongoing communication with the industry and plans to revise the casebook every five years.

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