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Peru issues VASP regulations to strengthen anti-money laundering/terrorist financing requirements

Peru's Banking and Insurance Supervisory Authority (SBS) has issued a resolution requiring virtual asset service providers (VASPs) to implement "know your customer" (KYC) and anti-money laundering (AML) measures as part of their compliance programs. The resolution is in line with FATF recommendations aimed at controlling and preventing criminals from using these platforms for illicit purposes.