The Certified Due Diligence Specialist in Virtual Asset Service Providers (CDD-VASP) Overview
The Certified Due Diligence Specialist in Virtual Asset Service Providers (CDD-VASP), offered exclusively by the American Compliance and Business Management Association (ACBM), is crafted to equip professionals with specialized expertise in compliance and risk management for virtual asset service providers. This certification provides a thorough grounding in due diligence and regulatory standards, empowering individuals to excel in the dynamic field of virtual assets.
About The Program
The Certified Due Diligence Specialist in Virtual Asset Service Providers (CDD-VASP), presented by the American Compliance and Business Management Association (ACBM), is a specialized certification focused on equipping professionals with advanced skills in compliance and risk assessment for the virtual asset industry. As virtual assets become increasingly prominent in financial systems worldwide, this certification provides essential insights into the regulatory landscape and best practices for due diligence within virtual asset service providers (VASPs).
Designed to bridge critical knowledge gaps, the CDD-VASP certification offers a comprehensive curriculum covering due diligence procedures, regulatory requirements, and effective risk management strategies specific to VASPs. This program enables professionals to gain a competitive edge by mastering the tools needed to navigate the complex compliance landscape of virtual assets, empowering them to support businesses in meeting high standards of regulatory compliance and safeguarding against financial crime.
Program Structure: Self-Paced Learning
Core Modules
Section 1: Foundations of Virtual Assets and Regulatory Overview
Chapter 1: Introduction to Virtual Assets and VASPs
- Overview of virtual assets and the role of Virtual Asset Service Providers
- Key industry terms, concepts, and trends
- Regulatory bodies and jurisdictions involved in virtual asset oversight
Chapter 2: Regulatory Frameworks and Compliance Standards
- Key compliance standards (FATF, AMLD5/6, FinCEN, etc.)
- Jurisdictional differences in VASP regulation
- Compliance obligations and licensing requirements for VASPs
Section 2: Due Diligence and Risk Assessment in Virtual Asset Services
Chapter 3: Customer Due Diligence (CDD) for VASPs
- Understanding CDD/KYC requirements for virtual assets
- Identification, verification, and enhanced due diligence
- Onboarding procedures and periodic review processes
Chapter 4: Risk Assessment and Risk-Based Approach
- Implementing a risk-based approach (RBA) in virtual assets
- Assessing risks specific to VASPs (transactional, geographic, and customer risks)
- Monitoring and adjusting risk profiles over time
Section 3: Advanced Compliance Practices and Emerging Risks
Chapter 5: Transaction Monitoring and Suspicious Activity Reporting
- Setting up transaction monitoring for VASPs
- Identifying red flags and suspicious patterns in virtual asset transactions
- Reporting suspicious activities to regulatory authorities
Chapter 6: Emerging Risks and Future Trends
- Examining emerging risks in virtual assets (DeFi, NFTs, privacy coins, etc.)
- Future compliance challenges and technology innovations (blockchain analytics, AI in compliance)
- Preparing for evolving regulations and standards in virtual assets