What an NBG VASP application must prove
How the statutory forms, ownership, administrators, service flows, office, system, three-year plan and AML/CFT evidence must reconcile.
Review application analysis
Focused analysis of legal and operating issues that affect VASP classification, NBG registration, Georgian substance, AML/CFT implementation and supervised operations.
How the statutory forms, ownership, administrators, service flows, office, system, three-year plan and AML/CFT evidence must reconcile.
Review application analysisThe express head-office, physical-separation, system-access and 14-day presence requirements—and the operating capacity needed beyond them.
Review substance analysisHow risk assessment should drive customer acceptance, sanctions screening, blockchain monitoring, investigations, reporting, quality assurance and management information.
Review AML control analysisReserve backing and segregation, redemption deadlines, capital, quarterly verification, Whitepaper consent and resilience requirements for issuers.
Review stablecoin analysis