Legal Director Syed Rahman assesses for Thomson Reuters the Financial Action Task Force’s “red flags’’ for identifying virtual assets being used to launder money

Author: Syedur Rahman 22 September 2020

Posted in: Bribery & Corruption, Business Crime Defence.

The international Financial Action Task Force (FATF) has issued a list of "red-flags" to help identify money laundering and terrorist financing activity that uses virtual assets.

Thomson Reuters’ Regulatory Intelligence asked Rahman Ravelli’s Syed Rahman his opinions about the move, which is designed to assist financial institutions and virtual asset service providers.

Syed said that the FATF initiative is a good start but added that it is far from all that is required to tackle the problem of money laundering. He emphasised the need for banks to create their own anti-money laundering culture for the virtual asset sector.

His views were used in an article that can be read here. (Subscription required)

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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.

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Legal Director Syed Rahman assesses for Thomson Reuters the Financial Action Task Force’s “red flags’’ for identifying virtual assets being used to launder money

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