{"id":73321,"date":"2026-05-30T23:21:52","date_gmt":"2026-05-30T23:21:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/central-bank-demands-strict-independent-audits-for-vasps\/"},"modified":"2026-05-30T23:21:52","modified_gmt":"2026-05-30T23:21:52","slug":"central-bank-demands-strict-independent-audits-for-vasps","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/central-bank-demands-strict-independent-audits-for-vasps\/","title":{"rendered":"Central Bank Demands Strict Independent Audits for VASPs"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Central Bank of Brazil issued Instruction 739, forcing VASPs to get independent audits to secure licenses.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Audits must ensure that each VASP is prepared to combat and prevent crypto-linked crime.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Following the $5B Hidden Flow case, Brazil\u2019s new rules will next tighten oversight to avoid crypto laundering.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Central Bank Of Brazil Moves to Add Audit Requirement for VASPs<\/h2>\n<p>The Central Bank of Brazil has introduced yet another requirement to approve the operation of virtual asset service providers (VASPs) in the country.<\/p>\n<p>Under <a href=\"https:\/\/www.bcb.gov.br\/estabilidadefinanceira\/exibenormativo?tipo=Instru%C3%A7%C3%A3o%20Normativa%20BCB&amp;numero=739\" target=\"_blank\" rel=\"noopener noreferrer\">Normative Instruction No. 739<\/a>, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses.<\/p>\n<p><\/p>\n<p>The audits, referred to as \u201creasonable assurance reports,\u201d must contain data assessing the VASP\u2019s legal compliance in different aspects, including institutional policy, organizational structure, and employee training; internal risk assessment regarding the use of the company\u2019s products and services in the commission of money laundering and terrorism financing crimes; and procedures designed to get to know your customers.<\/p>\n<p>Furthermore, this report should also assess the readiness of the audited VASP on monitoring, selection, analysis, and reporting of operations and situations suspected of money laundering and the financing of terrorism and weapons of mass destruction; monitoring and analysis of evidence of the occurrence or attempted occurrence of fraud and scams; and administrative asset freezes.<\/p>\n<p>The bank <a href=\"https:\/\/www.bcb.gov.br\/detalhenoticia\/21150\/nota\" target=\"_blank\" rel=\"noopener noreferrer\">stated<\/a> that these measures aim to <strong>\u201cincrease the security of decisions in authorization processes, while reinforcing the country\u2019s alignment with international practices and standards for combating these crimes.\u201d<\/strong> It also reinforced that <strong>\u201cverification by independent audit contributes to greater transparency and reliability in the controls adopted by companies in the sector.\u201d<\/strong><\/p>\n<p>The actions come after Operation Hidden Flow, a high-stakes operation that targeted six fintech companies moving over $5 billion irregularly, detected the use of digital assets for money laundering.<\/p>\n<p>The Primeiro Comando da Capital, a drug trafficking organization recently <a href=\"https:\/\/news.bitcoin.com\/trump-administration-labels-brazils-deadliest-gangs-as-specially-designated-global-terrorists\/\">designated <\/a>by the Trump Administration as Specially Designated Global Terrorists (SDGT), is suspected to be behind these operations.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/new-rules-for-crypto-in-brazil-central-bank-demands-strict-independent-audits-for-vasps\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Central Bank of Brazil issued Instruction 739, forcing VASPs to get independent audits to secure licenses. Audits must ensure that each VASP is prepared to combat and prevent crypto-linked crime. Following the $5B Hidden Flow case, Brazil\u2019s new rules will next tighten oversight to avoid crypto [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":73322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73321"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73321"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73322"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}