The Securities and Exchange Commission, SEC, has developed new guidelines designed to license, register and screen digital and virtual assets service providers, VASPs.
The new guideline known as AML/CFT/CPF stands for the Anti-Money Laundering/ Combating the Financing of Terrorism/Counter-Financing of Proliferation.
This initiative would ensure that “criminals are not registered as operators” in the capital market.
SEC had submitted the new guideline to the heads of government agencies anti-money laundering committee.
The guidelines are undergoing final review and will be made available for comment before being finalized.
DAILY POST recalls that the Central Bank of Nigeria, CBN, lifted the ban on crypto transactions in the country on December 22, 2023, and issued operational guidelines on virtual assets service providers, VASPs to all banks and other financial institutions.
SEC noted that it is ready to interface with genuine VASPs based on these clear rules and regulations.
Source : https://dailypost.ng/2024/03/07/sec-establishes-new-anti-laundering-guidelines-in-digital-asset/
