Virtual Assets or Cryptocurrencies
Money Laundering risks in Virtual Assets or Cryptocurrencies
The financial crime risks associated with digital financial services such as virtual assets and cryptocurrencies have become crucial for financial institutions to protect themselves, and for policymakers and regulators to establish effective laws, regulations, and guidance for combating financial crime in the sector.
Our Key Experts are specialised in
Identifying the money laundering (ML) and terrorist financing (TF) risks that come with new digital financial technologies such as online banking, payment platforms, prepaid cards, mobile payments, and internet-based payment services, as well as the use and abuse of virtual currencies.
Drafting, reviewing and advising on virtual asset and cryptocurrency laws, regulations, and policies.
Providing technical assistance or conducting comparative studies of AML/CFT supervisory methods for virtual asset service providers (VASPs), with a focus on best practices.
Developing and testing a method for assessing national ML/TF risks related to virtual assets (VAs) and virtual asset service providers (VASPs).
Developing and implementing effective financial crime risk management strategies and programs to prevent the abuse of digital financial services by criminals, including best practices and lessons learned from various jurisdictions.
Providing training and workshops for law enforcement agencies to identify money laundering risks in virtual assets or cryptocurrencies.
Our trainings and workshops will help anyone who wants to learn more about the risks of financial crime in digital financial services. This includes staff at banks and other financial institutions, law enforcement agencies, financial intelligence units, fraud and compliance managers, risk management professionals, fintech firms, policymakers, regulators, consultants, and senior practitioners.