The JFSC publish a list of Jersey-registered VASPs.

In line with recommendations from the Financial Action Task Force and to support the adoption of the extended Wire Transfer Regulations (Travel Rule), the JFSC have published a list of registered VIRTUAL ASSET SERVICE PROVIDERS [VASPs] on the JFSCs website.

The list can be found here: VASP entities — Jersey Financial Services Commission (jerseyfsc.org)

• https://www.jerseyfsc.org/industry/vasp-entities/?search=

The JFSC says:-

1. The listing of the Jersey-registered VASPs is a specific and limited exception in response to the Financial Action Task Force recommendations related to the implementation of the Travel Rule.
2. This VASPs list is to be maintained on the JFSC website in the same way that regulated entities (as defined under Article 2(1) of the FS(J)L 1998) are currently listed.
3. VASPs are listed under a separate tab so they are not confused with fully regulated entities.
4. The JFSC will list only the name of the VASP entity, and the licenses held.
5. The VASP's business address will not be included in the public list.

Background

1. Consistent with the JFSCs responsibility to work closely with fellow regulators and international lawmakers, the Travel Rule is one way the JFSC are raising regulatory standards in the virtual assets sector.
2. In their June 2023 targeted update on the implementation of the FATF standards on virtual assets and virtual asset service providers, the Financial Action Task Force stated that.
• "Jurisdictions are encouraged to maintain and publicise information on VASPs that are registered or licensed in their jurisdiction".
3. A VASP includes a natural or legal person or arrangement that carries on the business of conducting one or more of the following activities or operations to, for, or on behalf of, another natural or legal person or arrangement:
• Exchange between virtual assets and fiat currencies
• Exchange between one or more forms of virtual assets
• Transfer of virtual assets
• Safekeeping or administration of virtual assets or instruments enabling control over virtual assets
• Participation in and provision of financial services related to an issuer's offer and/or sale of a virtual asset
4. Publication of the list will
• Enable VASPs in other jurisdictions to easily identify Jersey VASPs, which are required to share prescribed sender and recipient information under the Travel Rule.
5. Other jurisdictions, including the UK, have live lists of registered cryptoasset firms.

Other financial crime Schedule 2 businesses

1. The JFSC supervise financial institutions, designated non-financial businesses and professions and VASPs for anti-money laundering, countering the financing of terrorism and countering proliferation financing.
2. These financial services businesses are also known as Schedule 2 businesses.
3. There is no intention to widen the scope of this public listing to other Schedule 2 businesses.
4. The listing of the Jersey-registered VASPs is a specific and limited exception in response to the Financial Action Task Force recommendations related to the implementation of the Travel Rule.