KYCifi combines specialist AML, KYC and regulatory expertise with intelligent technology, so directors, the MLRO and senior management are assessed against PVARA’s expectations, and the evidence is ready for your Form A3 submission.
The workflow tools are client software, available to KYCifi clients and engagement partners. New to KYCifi? Book a consultation and we’ll set up your access.
PVARA looks closely at the people who will run a licensed business. Each key individual must be assessed, and any concern surfaced, explained and evidenced.
Confirming identity, history and the declared record of each key individual.
Past sanctions, refusals or disqualifications that bear on suitability.
Bankruptcy, insolvency and financial soundness considerations.
Criminal history and adverse findings, assessed in context.
Missing or inconsistent evidence that weakens an individual’s file.
Roles, responsibilities and the standing of the proposed compliance function.
The supporting documents PVARA expects for each declaration.
Anticipating the questions a reviewer will ask about each individual.
Every key individual is assessed the same disciplined way, so Form A3 is consistent, evidenced and defensible.
Each director, the MLRO and senior managers in scope are identified.
Key personsIdentity, history and declared record reviewed and verified.
VerificationSupporting evidence gathered for each declaration and finding.
EvidenceFindings assessed against PVARA’s fit and proper criteria.
CriteriaA reasoned conclusion on each individual, with any concern explained.
ConclusionEach individual’s assessment and evidence assembled into a clear pack.
PackA final review and sign-off, so Form A3 is ready for submission.
Sign-offKYCifi is, first, a specialist AML and KYC practice with deep regulatory experience. A prior directorship, a financial event or an adverse finding is assessed in context by specialists who understand how a regulator will read it.
Our practitioners lead every assessment. LÆdar AI, our intelligence platform, does the legwork behind them, so judgement stays with the people, and each individual’s evidence pack is built as they work.
Reasoned, evidenced fit and proper outputs, ready for your Form A3 submission.
A reasoned assessment of each key individual against PVARA’s criteria.
Supporting evidence assembled for each individual and declaration.
A review of findings against the regulator’s expectations and thresholds.
The documents and declarations Form A3 requires for each person.
A complete, consistent Form A3 file, ready for PVARA submission.
From exchanges to tokenisation platforms, KYCifi assesses the people PVARA approval depends on.
See how KYCifi combines specialist compliance expertise and intelligent technology to support virtual asset businesses.
Questions? Contact contact@kycifi.com
Complete fit and proper declarations for all directors, MLRO and senior management for PVARA NOC submission under Form A3.
Who must be assessed? Form A3 requires a fit and proper assessment for all persons who are directors, the MLRO, CFO, CTO and any senior manager who exercises material control or influence over the VASP's AML/CFT programme. If in doubt, include the individual.
I, as the authorised representative of the VASP named in this application, hereby declare that:
1. The information provided in this Form A3 Fit and Proper Assessment is true, accurate and complete to the best of my knowledge and belief.
2. Each person named in this assessment has been assessed against the fit and proper criteria prescribed under the Virtual Assets Act 2026 and the PVARA NOC Regulations 2025, and the information provided in respect of each person is accurate and not misleading.
3. No material information relevant to the fit and proper assessment of any named person has been withheld, omitted or misrepresented in this form.
4. I understand that submitting false or misleading information in this form constitutes an offence under the Virtual Assets Act 2026 and may result in the refusal, suspension or revocation of the NOC and may expose relevant persons to civil and criminal enforcement action by PVARA.
5. I am duly authorised by the board of directors of the VASP to execute and submit this Form A3 to the Pakistan Virtual Assets Regulatory Authority.