FATF REPORT TO G20 ON SO-CALLED STABLECOINS

On 7 July, FATF released this report. In October 2019, the G20 asked the FATF to consider the AML/CFT issues relating to so-called stablecoins. This report sets out the FATF’s views on stablecoins and addresses certain issues, including how the FATF Standards apply and the different businesses involved in stablecoins, and how FATF plans to enhance the global AML/CFT framework for virtual assets and stablecoins.

http://www.fatf-gafi.org/media/fatf/documents/recommendations/Virtual-Assets-FATF-Report-G20-So-Called-Stablecoins.pdf

 

 

 

 

 

 

 

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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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