2020 - September
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.
Please click https://www.fatf-gafi.org/publications/fatfrecommendations/documents/virtual-assets-red-flag-indicators.html for information.