Virtual Assets and Currencies: Detailing Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers

  • When: November 28, 2019
  • Time: 10AM – 12PM HKT
  • Level: All

In February 2019, FATF issued its proposed recommendations for AML governance of the crypto industry. Under pressure from the international community, the FATF aimed to bring amendments to Recommendation 15 (New Technologies) into force at the June 2019 plenary. Within the proposals, one point was opened for consultation; colloquially known as 7(b) the proposal seeks to introduce wire transfer recommendations required of the traditional banking sector into the crypto industry. That is, originator and beneficiary information is collected, screened and transmitted between correspondent institutions with the objective to prevent criminals and terrorists having unfettered access to the financial system.

Learning Objectives

  • Reviewing the latest FATF guidance impacting the crypto industry.
  • Providing guidance and clarification for Virtual Asset Service Providers, or VASP;
  • Analyzing recent case studies and enforcement actions linked to the use and abuse of digital currencies to identify unique risks and strengthen oversight protocols

Who Should Attend

  • Compliance Personnel
  • Technology Officers
  • Vendors/Technology Providers
  • Industry Consultants
  • Transaction Monitoring Specialists


  • Global
  • Banking
  • Fintech


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