Understanding why Industry Should Apply Adequate Controls against Money Laundering and Terrorism Financing Risks.

In July 2020, the Financial Action Task Force (FATF) published the "12 Month Review of Revised FATF Standards on Virtual Assets and VASPs" directing both the countries and virtual asset services providers to mitigate the risk from virtual assets. The guidance indicates a strong statement noting 35 out of 54 reporting jurisdictions have implemented the revised FATF Standards. However, 19 member jurisdictions have yet to implement the revised Standards in their national law. 

Be sure not to miss out this webinar as we unravel the regulatory perspectives balanced against the industry response. Also, we will discuss the control infrastructure and preventative measures, such as Inter-VASP Messaging Standard (IVMS101), to enhance financial acceptance of cryptocurrencies and digital assets.