FATF AND VIRTUAL ASSETS

On 29th April, Foodman CPSs and Advisors published an article saying that FATF has been working on an “Interpretive Note to Recommendation 15” due to a belief that there is urgency for countries to take co-ordinated action to prevent the use of virtual assets for crime and terrorism.  The article lays out the current Recommendation and the draft Interpretative Note.

https://www.jdsupra.com/legalnews/the-financial-action-task-force-and-94242/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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