VASP Operational Controls

Definition ∞ VASP operational controls are the internal policies, procedures, and systems implemented by Virtual Asset Service Providers to manage risks, ensure compliance, and maintain the security and integrity of their services. These controls cover areas such as cybersecurity, anti-money laundering, customer due diligence, and transaction monitoring. They are essential for responsible business conduct.
Context ∞ The establishment and enforcement of robust VASP operational controls are under intense scrutiny from global regulators seeking to mitigate risks in the digital asset sector. Discussions frequently focus on adapting traditional financial compliance frameworks to the unique characteristics of virtual assets, ensuring consumer protection and market integrity.