Public Statement – Mitigating Risks from Virtual Assets

27

22 February 2019

Recognising the need to adequately mitigate the ML/TF risks associated with virtual asset activities, the FATF is setting out more detailed implementation requirements for effective regulation and supervision/monitoring of virtual asset services providers. FATF has therefore been working on an Interpretive Note to Recommendation 15. FATF had amended Recommendation 15 in Oct 2018 to clarify how the FATF standards apply to activities or operations involving virtual assets.