FATF summarises Plenary outcomes held in June 2022

FATF members approved a report that will help the real estate sector to better detect and prevent money laundering, and finalised a targeted update on implementation of the FATF requirements on virtual assets and virtual asset service providers….

Moneyval on virtual assets in 2021 annual report

Virtual assets are abused to launder proceeds from fraud and corruption, as well as for tax evasion. There is suspicion that some of the smaller cryptocurrencies are being set up specifically with the motive of laundering. The larger virtual assets are seeing heavy...

OFAC designates facilitators of Russian sanctions evasion

OFAC designated Russian commercial bank Transkapitalbank and a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev, including organizations whose primary mission is to facilitate sanctions...