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/ 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


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) 

Syedur Rahman

Syedur Rahman

Partner

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

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