POC 3 · oVASP Report March 2026 · Entity Layer

Offshore VASP Screener

If a firm does business in a country, that country should regulate it — regardless of where it's "headquartered." This screener evaluates entities against the FATF's activity-based criteria for offshore VASP risk.

Compliance Journey

oVASP Encounter: 8-Stage Screening

When a transfer request arrives from an unknown counterparty VASP, the compliance journey shifts: entity classification, registry lookup, nested service detection, and enhanced due diligence gates must all pass before settlement.

OFFSHORE VASP ENCOUNTER JOURNEYYOU ARE HEREYOU ARE HEREoVASP Encounter①Intent②Identity③Discovery④Negotiation⑤Transport⑥Authorization⑦Facilitation⑧Finality

Interactive Proof of Concept

oVASP Risk Assessment

How it works: Enter entity details or select a pre-loaded scenario. The screener evaluates offshore VASP risk across five dimensions.

  • Jurisdiction gap — registered vs. operating jurisdictions (highest weight)
  • Licensing coverage — what percentage of operating jurisdictions have licensing
  • Grey List exposure — any operating jurisdiction on the FATF Grey List
  • Nested service risk — is the entity using a licensed VASP as a pass-through?
oVASP Entity
Pre-loaded Scenarios
Risk Assessment
Click "Screen oVASP" to generate assessment.

Reference

Required Actions by Risk Level

Risk Level Score Range Required Actions Review Cadence
Low 0–25 Standard due diligence. Continue relationship. Annual
Medium 26–50 Enhanced due diligence. Document risk assessment. Quarterly
High 51–75 Suspend correspondent services. File SAR. Monthly
Critical 76–100 Terminate relationship. Report to supervisory authority. Immediate