Simon Grant, Nathan Shaheen, Alex Payne, Shaan Tolani and Michael James' insight FATF’S Take on Digital Assets: Updated Guidance and Recommendations is featured in the National Banking Law Review.
They say, Financial Action Task Force "member countries (including Canada and most other G20 nations) refer to FATF’s recommendations when drafting domestic law. Accordingly, persons in the virtual asset space should be aware of the Updated FATF Guidance, assess its potential implications for their business and consider what measures ought to be taken to ensure compliance, as these FATF Recommendations may become part of domestic law."
Subscribers can read the full article on the National Banking Law Review or read the original insight on the Bennett Jones website.