FATF reports on red flag indicators in virtual assets

FATF has published a report on virtual assets red flag indicators of money laundering and terrorist financing. The report focuses on:

• technological features that increase anonymity;
• geographical risks;
• transaction patterns;
• transaction size;
• sender or recipient portfolios; and
• SOF/SOW.

The report complements the 2019 publication giving guidance for a risk-based approach to virtual assets and virtual asset service providers.