MONEYVAL, The Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism has published a Typologies Report on Money Laundering and Terrorist Financing Risks in the World of Virtual Assets.
The report provides information on:
- MONEYVAL members’ compliance with FATF Standards on Virtual Assets (“VA”) and Virtual Asset Service Providers (“VASP”);
- Understanding risks arising from the misuse of VAs and VASPs for ML/TF;
- Supervision of VASPs in MONEYVAL members; and
- Law enforcement and VASPs.
Firms operating in the virtual asset sector can read the MONEYVAL report to identify the ML/TF risks within the sector which may impact their own operations.