Ready to raise the stakes? How to deal with FATF’s increased scrutiny of virtual assets
A practical advice session for all those with regulatory, risk, operational and compliance responsibilities in banks, cryptos, service providers and the wider finance industry.
In October 2021, the Financial Action Task Force (FATF), the global standard-setter for anti-financial crime standards, released its updated guidance for a risk-based approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs).
This update is likely to prompt heightened scrutiny of VAs and VASPs, as well as setting the tone for new regulation and laying the groundwork for broader supervision of the industry as a whole.
Hosted by industry expert Nikhil Gandesha from Sionic’s specialist Financial Crime & Compliance team, the first event in our new three-part series takes a global look at the impact of the updated guidance on the crypto and financial services industry as well as the public sector.
Join Nikhil and a panel of subject matter experts from across the industry to discuss:
• the current state of international standards
• how to ensure compliance under the new guidelines
• whether the “travel rule” is the answer in defending against sanctions evasion
Read more from event host Nikhil Gandesha
- Sanctions on Russia
- Sanctions in FinTech – a defence, not a puzzle
- Regulating Markets in Crypto-assets: How Mighty is MiCA?
Find out more about Sionic’s industry-leading expertise in financial crime and compliance