The FATF Virtual Asset red flag indicator report provides valuable insights to support the identification and prevention of ML/TF in the virtual asset industry. Read our high-level summary to understand the contents of the FATF's report.
The European Commission’s proposed Pilot Regime Regulation for market infrastructures using DLT (PRR) will temporarily allow incumbents to use DLT in some of their activities. Under current legislation, market infrastructures are prevented or restricted in their use of DLT or are required to duplicate certain record-keeping.
The European Commission's proposed Regulation on Markets in Crypto-assets (MiCA) will bring within the scope of regulation all crypto-assets not already covered by EU financial services legislation.
Over the next few days, we are expecting the publication of an Action Plan from the European Commission which will outline an EU-wide supervisory framework for AML and CFT.
In its March 2020 Budget, the UK Government provided assurance about its plan to support the public as well as business in the context of COVID-19. At Budget time, the Chancellor announced that despite significant and unprecedented challenges, the UK economy remains strong and the Budget outlines the government’s plans to ensure continued growth and investment in the nation.
On Wednesday, 12 February 2020, MONEYVAL published the long-awaited evaluation report against Gibraltar’s compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) global standards.
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