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BSP Circular No. 1108 (2021): VASP anti-money laundering and consumer protection requirements

Authority: Bangko Sentral ng Pilipinas (BSP)First published: View the official source

Document text

Verified restriction: key points stated in the official source

FATF Recommendations form the AML baseline for VASPs

Consumer protection plus liquidity and operational/IT risk rules apply

Wallet services require a cybersecurity framework and security controls

Independent source key points; not an official full text or licensed full translation.

Because the source’s reuse terms do not authorise commercial full-text republication, this page presents key points independently compiled by Man Kun. It is not the official full text or a complete translation. Please consult the official source for the complete document and its annexes.

Key cautions

  • FATF Recommendations form the AML baseline for VASPs
  • Consumer protection plus liquidity and operational/IT risk rules apply
  • Wallet services require a cybersecurity framework and security controls

Sources