FATF review of FATF Standards on virtual assets and virtual asset service providers

The Financial Action Task Force (FATF) has completed a second 12-month review of the implementation of its revised Standards on virtual assets and virtual asset service providers (VASPs).

This comes two years after the FATF finalised amendments, which clearly placed AML/CFT requirements on VASPs.

This review looks at how jurisdictions and the private sector have implemented the revised Standards since the FATF’s first 12-month review. It also looks at changes in the typologies, risks and the market structure of the virtual assets sector.