CARF & VASP Compliance: Closing Crypto Oversight Gaps in LATAM | Foodman CPAs & Advisors
Global cryptocurrency regulation has shifted from theory to enforcement. The OECD’s Crypto-Asset Reporting Framework (CARF) and strengthened Virtual Asset Service Provider (VASP) standards are redefining oversight expectations for financial institutions, family offices, and advisors. In Latin America, where digital asset adoption has surged, oversight often remains fragmented. This creates vulnerabilities that invite both regulatory scrutiny and reputational damage.
Why It Matters
Traditional compliance frameworks for AML and tax were not designed for the complexity, speed, and anonymity of cryptocurrency transactions. Enforcement actions worldwide, including those targeting non-LATAM entities, show that regulators now expect…
