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RFP S16055 REQUEST FOR PROPOSALSOVERSIGHT AND MONITORING OF ETAS ALCOHOL AND DRUG TESTING PROGRAM Carolyn Vargas, Contracts Administrator 3331 North First Street, Building A San Jose, CA 95134 Carolyn.
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Oversight and monitoring of VTAs refers to the process of supervising and observing the activities and functions related to Virtual Asset Service Providers (VASPs).
Entities designated as VASPs are required to file oversight and monitoring reports for VTAs.
The oversight and monitoring of VTAs report can be filled out electronically through the designated regulatory platform.
The purpose of oversight and monitoring of VTAs is to ensure compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations.
The report must include details on customer due diligence, transaction monitoring, and suspicious activity reporting.
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