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FATF 2021 updated Guidance VA VASP

About FATF’s Updated Guidance for a Risk-Based Approach to VA and VASPs

In October 2021, the Financial Action Task Force (FATF) updated the 2019 Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (VASPs) which addresses cryptocurrency and virtual assets.   As the virtual asset landscape is changing and evolving rapidly, the 2021 updated Guidance urges virtual asset service providers (VASPs) to be compliant […]

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Regtank-A-Guide-To-The-FATF-Travel-Rule

A Guide to the FATF Travel Rule

TheFinancial Action Task Force (FATF) is an independent inter-governmental body that helps to develop and promote Anti-Money Laundering (AML) and Know Your Customer (KYC). In light of the rise of the cryptocurrency industry, the FATF published guidance on how its 37 members should regulate cryptocurrency exchanges whereby the FATF’s 2019 amendment to Recommendation 16 had […]

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Regtank-What-You-Need-To-Know-KYC-AML-and-Travel-Rule

What you need to know: KYC, AML and Travel Rule

Benefits of the Travel Rule With the growth of the cryptocurrency industry, more regulations are necessary so as to protect the industry. However, with more firms, there is greater inconsistency in terms of regulations. This has led to an increase in illegal activities such as money laundering through virtual assets. This is attributed by the […]

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