Certified Due Diligence Specialist in Virtual Asset Service Providers (CDD-VASP)
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The Certified Due Diligence Specialist in Virtual Asset Service Providers (CDD-VASP) is a globally recognized certification designed to equip professionals with essential skills and expertise in compliance and due diligence within the virtual asset sector. This certification focuses on managing the unique regulatory and risk challenges associated with Virtual Asset Service Providers (VASPs), emphasizing adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) standards. With a strong foundation in global regulations, including FATF guidelines and jurisdictional requirements, the CDD-VASP certification prepares candidates to navigate the complexities of compliance in the rapidly evolving world of virtual assets. This program provides practical insights into regulatory frameworks, customer due diligence requirements, and transaction monitoring strategies specific to VASPs, enabling professionals to excel in safeguarding against financial crime within the virtual asset space.
Enrollment Procedure
Enrolling in any of our certifications is a seamless online process:
- Visit the Enrollment Page
Navigate to our website and select your desired certification program. - Register for the Course
Click “Take This Course” and complete the registration form with your details. - Payment
Make a secure payment through our gateway to access the course materials and LMS. - Access Materials
Gain full access to study resources in e-book format via the LMS within 3 hours of enrollment. - Final Exam
- Attempt the online exam consisting of 50 MCQs in 40 minutes.
- The passing score is 75%.
- You are allowed two attempts to pass the exam. Additional attempts can be purchased for 25% of the certification fees.
- Instant Certification
Upon passing the exam, your certificate will be available immediately for download and sharing in the Profile Section.
Syllabus
Section 1: Understanding VASPs and Regulatory Requirements
Chapter 1: Introduction to VASPs and Their Role in Financial Systems
- Definition and scope of Virtual Asset Service Providers (VASPs)
- The role of VASPs in global financial systems
- Key stakeholders in the virtual asset ecosystem
Chapter 2: Regulatory Frameworks Governing VASPs
- Overview of global AML/KYC regulations applicable to VASPs
- Compliance with FATF, AMLD5/6, FinCEN, and other international guidelines
- Jurisdictional variations in VASP licensing and oversight
Chapter 3: Understanding VASP Risk Profiles
- Assessing VASP business models and their associated risks
- Red flags and vulnerabilities in VASP operations
- Case studies on financial crime risks in virtual assets
Section 2: Conducting CDD on VASPs
Chapter 4: Customer Identification and Verification of a VASP
- Key steps in verifying VASPs as customers and counterparties
- Understanding UBO (Ultimate Beneficial Ownership) structures in VASPs
- KYC requirements and regulatory expectations for onboarding a VASP
Chapter 5: Assessing a VASP’s AML and Compliance Program
- Evaluating a VASP’s AML policies and procedures
- Role of compliance officers and internal controls in VASPs
- Industry best practices for AML compliance in crypto businesses
Chapter 6: Enhanced Due Diligence (EDD) on High-Risk VASPs
- Identifying high-risk indicators in VASPs
- Conducting in-depth due diligence on PEPs, high-risk jurisdictions, and complex structures
- Case studies on illicit activities linked to high-risk VASPs
Section 3: Ongoing Monitoring and Compliance Oversight of VASPs
Chapter 7: Transaction Monitoring on a VASP – Investor & Institutional Oversight
- Implementing transaction monitoring tools for crypto businesses
- Identifying suspicious patterns in virtual asset transactions
- Role of blockchain analytics in monitoring VASP activities
Chapter 8: Periodic Risk Reviews and Reassessment of a VASP
- Conducting periodic risk assessments for VASP clients
- Adjusting risk profiles based on transactional behavior and regulatory updates
- Internal audits and external regulatory examinations
Chapter 9: Offboarding and Risk Mitigation Strategies for VASPs
- Red flags for terminating a VASP relationship
- Best practices for offboarding high-risk VASPs
- Ensuring regulatory compliance in risk mitigation
Announcement: Exciting Certifications Now Available!
We are thrilled to offer a variety of certifications tailored to empower professionals in AML, KYC, compliance, and due diligence. These certifications are designed to provide industry-relevant knowledge, practical tools, and actionable insights to help you excel in your career.
Common Enrollment Information for All Certifications
Exam Format
- 50 MCQs, 40 minutes, online.
- Passing score: 75%.
- Multiple Attempts: Includes 2 attempts to pass the exam (25% of the certification fees for additional attempt)
Certificate Download
- Once you pass the exam, your certificate will be available immediately for download in the Profile Section.
Full Access to Materials
It takes 3 hours after enrollment to gain full access to download materials. Kindly allow this processing time.
Why Choose Our Certifications?
- Globally recognized and highly relevant in the industry.
- Designed by subject matter experts to bridge the gap between knowledge and practical application.
- Flexible, self-paced learning to accommodate your schedule and needs.
Enroll today and take the next step in your professional journey! Whether you're advancing your career in compliance, AML, KYC, or due diligence, our certifications are here to support your success.
