13 FAQs on the FATF's Updated Guidance for a Risk-Based Approach to Crypto
In October 2021, the Financial Action Task Force (FATF) – the global intergovernmental AML watchdog organization – published its Updated Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs). Coinfirm’s Head of Regulatory Affairs, Barbara Halasek, answers the most asked questions of what has changed on the FATF’s stance on VAs and VASPs. Download the complete FAQ to understand how rules could soon change in your jurisdictions of business.
- What are the main areas where additional guidance was provided?
- What is the impact of the updated Guidance?
- What are the practical steps that crypto businesses are recommended to take?
