Analysis

International Anti-Money Laundering Standards: What About Virtual Currency?

On June 21, the Financial Action Task Force announced that it had adopted an interpretive note to its recommendation on new technologies to further clarify the applicability of the recommendations to virtual asset activities. It also issued guidance to assist countries and businesses on their AML/CFT obligations regarding virtual asset activities. In her International Banking column, Kathleen Scott discusses some of the major points of the new interpretive note and guidance.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Kathleen A. Scott Kathleen A. Scott

The Financial Action Task Force (FATF) is the international body that sets global risk-based standards on anti-money laundering, terrorist financing and financing proliferation of weapons of mass destruction (AML/CFT). It issues recommendations (FATF Recommendations) for adoption by individual jurisdictions, formal Interpretive notes on the recommendations, and related guidance and reports.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Law Firms Mentioned

Trending Stories

 

Featured Product

Global Briefing

A weekly, curated selection of our international content from around the globe, across the business of law, in-house, regulatory, technology and more, with expert insights from our senior editors.

Learn More

Recommended Stories

The Patent Litigation Comeback of 2020

Rob Maier |

Despite the recession—or partly as a result of it—2020 was also a year of growth for patent litigation in the United States. In this edition of his Patent and Trademark Law column, Rob Maier provides a look back at patent litigation filing statistics in recent years across district courts in the United States, with an eye towards current trends that in all likelihood will continue deep into 2021.

DOJ’s ‘Cryptocurrency Enforcement Framework’

Robert A. Schwinger |

In his Blockchain Law column, Robert A. Schwinger discusses a new DOJ report which outlines the various uses of cryptocurrency, the various channels through which the DOJ will take enforcement action in regard to cryptocurrency, and the public safety challenges relating to enforcement against the illicit uses of cryptocurrency. The DOJ is sending a clear message that it will not hold back on enforcing the laws as they currently are written, and that it is well within DOJ’s power to regulate criminal activity even where it involves a novel and developing area like cryptocurrency.

More from ALM

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Privacy Policy

About Us / Contact Us / Site Map / Advertise With Us/ Customer Service / Terms of Service/ FAQ / Privacy Policy

Publications

Law Topics

Rankings

More

Law.com

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.