by AdrianaAMLP | Jul 18, 2024
FATF’s report finds that while some jurisdictions have made progress in putting AML/CFT regulation in place, global implementation is still lagging. There are several governments which have yet to take any significant steps to regulate the sector, and these...
by Jyotsna Bucktowar | May 22, 2024
The key AML/CTF concerns identified include: 1) Insufficient visibility for national competent authorities (NCAs) regarding the extent of vIBAN offerings within their jurisdictions. 2) Differing interpretations of the applicable AML/CFT regulatory framework for...
by AdrianaAMLP | May 2, 2024
Recognises improvements in the assessment and mitigation of risks from virtual assets, which is appraised under Recommendation 15.
by AdrianaAMLP | Apr 8, 2024
FATF notes that many countries have yet to fully implement the FATF’s requirements on virtual assets and virtual asset service providers to prevent their misuse for illicit finance. The lack of implementation of these requirements (Rec. 15) leaves significant...
by Jyotsna Bucktowar | Apr 8, 2024
OFAC sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy including persons developing or offering services in virtual assets that enable the evasion of U.S. sanctions. Five...
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