The AML/CFT/CPF Guidelines are the backbone of the VASP regime. Here is what they require — from the institution-wide risk assessment to customer due diligence, monitoring, record-keeping and reporting...
From first contact with the FSC to a licence in hand, the application runs through predictable stages. Here is each step, how long it takes, and where applications stall. ...
Substance is the requirement that a licensed VASP be a real operation in Jamaica, not a nameplate. Here is what each element means in practice, why it matters, and...
The business plan is where the FSC decides whether your VASP is viable, well-governed and safe to license. Here is what the regulator is really looking for, a structure that...
Two of the biggest market-entry hurdles for a VASP licence are money and presence — enough well-documented capital, and genuine local substance. Here is what the FSC requires, and how...
Jamaica is not regulating virtual assets in a vacuum. Here is how its proposed licensing regime measures up against four of the world’s most influential frameworks — and what that...
Jamaica’s Financial Services Commission has opened its proposed VASP licensing regime for public comment. Here is what is on the table, how to respond, and the road from consultation to...
Why Jamaica’s proposed VASP regime puts operators through a full licensing gate — not a light-touch register — and what that higher bar buys the market. In short:...
A plain-English definition of a VASP under Jamaica’s proposed regime — the activities that bring you in scope, who is excluded, the decentralised-finance question, and how it all tracks the...
Jamaica’s VASP regime introduces a recurring, independently audited proof of reserves for trading platforms and custodians. Here is what it is, why it matters, what makes it credible, and...
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