June FATF Plenary: Outcomes of the Meeting

Key takeaways: FATF plenary took place from June 21 to 25. The report on the 12-month review of FATF’s revised standards for VAs and VASPs will be published on July 5. The finalization of FATF’s revised Guidance on VAs and VASPs is pushed back to October 2021. FATF plenary meetings »

Stablecoins: Understanding ML/TF Risks and Regulatory Developments

Key takeaways: Stablecoins held on exchanges recently reached an all-time high. More and more jurisdictions are planning to regulate them. FATF issued guidance on how to apply its standards to stablecoins. Lately, stablecoin usage has been increasing significantly. According to the market data provider CryptoQuant, stablecoins held on exchanges rose »

The Ultimate Guide for implementing a RBA based on FATF latest guidelines on virtual assets indicators

Implement a risk-based approach to comply with the source of funds & transaction monitoring requirements according to FATF Virtual Assets Red Flag Indicators report for ML/TF. Download here: https://scorechain.com/FATF-redflag-indicators-report Cryptocurrencies and digital assets have raised many concerns for regulators over the past few years. With increasing usage and increasing business opportunities for many industries, »