1. Any natural or legal person conducting any Virtual Asset Service Provider activity, offering related products or services, or performing its transactions from within the State shall be licensed, registered, or listed, as applicable, by the competent Supervisory Authority. 2. Virtual Asset Service Providers shall comply with the provisions of Articles (26) to (33) of this Resolution in a manner proportionate to the nature of their activities and in accordance with Supervisory Authority instructions, subject to the following: a. The originating Virtual Asset Service Provider shall obtain and retain accurate originator and beneficiary information of the transfer and shall transmit such information immediately and securely to the beneficiary Virtual Asset Service Provider or Beneficiary Financial Institution, if any, and shall make such information available to concerned authorities upon request, including such information as determined by the Supervisory Authority and, at a minimum, the following: 1) With respect to the originator: name, account number, or Virtual Asset wallet address, and residential or business address; 2) With respect to the beneficiary: name and account number or Virtual Asset wallet address. b. The beneficiary Virtual Asset Service Provider shall obtain and retain accurate information on the originator and the beneficiary of the transfer and make it available to concerned authorities upon request. 3. Virtual Asset Service Providers shall comply with all obligations applicable to Financial Institutions set out in the legislation in force in the State relating to Targeted Financial Sanctions. 4. All requirements set out in Clauses (1) and (2) of this Article shall apply to Financial Institutions where they send or receive Virtual Asset Transfers on behalf of a Customer.
Interpretation and application must be checked against the official text and current version.