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Report on the Abuse of Virtual Assets for Terrorism Financing

30 June 2023
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Report on the Abuse of Virtual Assets for Terrorism Financing

The Egmont Group of Financial Intelligence Units published a report on the abuse of virtual assets for terrorist financing purposes.

The report summarises findings of the Group’s recent project exploring the exposure of virtual assets to possible abuse and identifying the best practices that are used by EG member FIUs to prevent the abuse.

The report covers:

  • Regulatory requirements in terms of virtual asset transactions;
  • Encrypted networks; and
  • Virtual currency usage and terrorist financing detection including best practices and red flag indicators.


Virtual asset firms can read the Egmont Group report to gain insights into areas of risk exposure and recommended best practices.

 
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