Regional conference: “AML/CFT and New Technologies: New Payment Methods, Virtual Assets and Social Media”

On September 25-29 of this year in the city of Tunisia (Republic of Tunisia) the MENAFATF Regional conference on "AML/CFT and New Technologies: New Payment Methods, Virtual Assets and Social Media" was held. During the event the FATF standards on virtual assets (VA) and VA service providers (VASPs), dynamics of implementation of Recommendation 15 were considered. Additionally, the issues related to the regulation of VA and VASPs, risk assessment and development of measures to mitigate risks, specifics of investigations of illegal use of VA were discussed.

The EAG Secretariat delivered a presentation at the event on risk assessment of the VA and VASPs sector and its interconnection with possible approaches to the regulation of activities related to virtual assets. The EAG Secretariat also acted as a moderator and co-moderator of the relevant panel sessions.

Following the results of the conference recommendations were developed to continue joint work on combating illegal financial transactions with VA and implementation of FATF standards in this area.

EAG Secretariat