By Maya Lester QC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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