FATF report suggests virtual assets used to evade sanctions & fund terrorism

The Financial Action Task Force has published a report on red flag indicators of virtual assets being used for money laundering and terrorist financing (AML/CFT). Based on over 100 case studies from 2017-2020, the report found that, amongst other things, virtual assets were used to evade sanctions and raise funds to support terrorism. The report sets out common “red flags” …

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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