Rahman Ravelli
Rahman Ravelli Solicitors Logo
Call Our 24hr Rapid Response Team: 0800 559 3500  Request a Callback
Our Services Sectors International About Us Legal Articles News Contact Us
24hr Rapid Response: 0800 559 3500
24hr Rapid Response: 0800 559 3500
 

/ News / 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

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



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) 

Syedur Rahman

Syedur Rahman

Legal Director

syedur.rahman@rahmanravelli.co.uk
+44 (0)203 910 4566 vCard

Specialist Areas of Practice: Fraud and Business Crime, Compliance and Regulatory, Civil Recovery, Civil Fraud, Corporate Investigations

View Author Profile

London Office: +44 (0)203 947 1539
Midlands Office: +44 (0)121 827 7985
Northern Office: +44 (0)1422 346 666
24hr Rapid Response: 0800 559 3500


Need Help or Advice?

Share this article on