Transcription of FATF REPORT Virtual Assets Red Flag Indicators
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FATF REPORT Virtual Assets Red Flag Indicators
FATF REPORTV irtual Assets Red flag Indicatorsof Money Laundering and Terrorist FinancingSeptember 2020 The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. For more information about the FATF, please visit This document and/or any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Citing reference: FATF (2020), Money Laundering and Terrorist Financing Red flag Indicators Associated with Virtual Assets , FATF, Paris, France, 2020 FATF/OECD.
nature and purpose of the business relationship, and understanding the source of funds. 4. Operational agencies including Financial Intelligence Units (FIUs), law enforcement authorities (LEAs), and prosecutors may find this report a useful reference for analysing suspicious transaction reports (STRs) or improving detection,
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