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FATF Report on Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing

The Financial Action Task Force (FATF) published a FATF report on “Virtual Assets – Red Flag Indicators of Money Laundering and Terrorist Financing” (FATF Report) in September 2020. The FATF Report can be found at the FATF website:  https://www.fatf-gafi.org/publications/fatfrecommendations/documents/virtual-assets-red-flag-indicators.html      

2     The FATF report complements the FATF Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (June 2019). The FATF report will help virtual asset providers, financial institutions  and designated non-financial businesses and professions, and other reporting entities in identifying and reporting potential money laundering and terrorism financing (ML/TF) activities involving virtual assets (VAs), in accordance with their suspicious transaction reporting obligations.


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