How it works
To facilitate global compliance with FATF’s Recommendation for VASPs to conduct due diligence on counterparts, VASPnet acquires complete data directly from regulators in a variety of languages, scripts, and presentation methods across countries with VA regimes.
The authoritative source of regulatory data
By means of automated, semi-automated and manual methods, this data is standardised and assembled on the VASPdata platform.
The VASPdata platform provides two levels of data:
This indicates whether a service provider in a specific jurisdiction:
- is permitted to conduct virtual asset activities
- has a pending application(s)
- was previously permitted to conduct virtual asset activities but is no longer permitted
- has been expressly named by a regulator as not regulated to conduct virtual asset services
This refers to any further data made available by the regulator. It can include:
- date of registration
- name and contact information for a responsible representative
- address of entity
- permitted products and services
- other known associated entities
Data segregation & tiering
Bulk matching & bulk subscriptions
Standardised data model
Enterprise grade information security
Users can access VASPdata by running search queries or subscribing to notifications.
Search queries can be conducted through the Search REST API, a secure automated enquiry service.
Search queries can be conducted through the customer portal interface.
More than 80% of the information provided in response to search queries is obtained or re-verified within the previous 24 hours.
Be notified and updated if a VASP record changes.
After running a search query, users can specify if they wish to be immediately notified of subsequent detected changes to the RegStatus or RegData associated with a record. For example, if the name or address changes, permitted services or products are amended, or the service provider’s licence is suspended or revoked.
Be notified if a VASP is added to the database.
Users may also ask to be notified if information becomes available about a service provider for which no regulatory data is currently available, for example, if it is not licensed or registered at the time a search is made, but later becomes regulated.
VASPnet collects data directly from national, state and territorial regulators and public authorities to deliver the world’s assured source of regulatory reference data on virtual asset service providers.