Anti-Money Laundering (AML) Measures in Virtual Asset Sector
This session covers topics related to hidden illegal identities, criminal identity,
and ownership of virtual assets. It also covers the challenges and opportunities that virtual assets present to the anti-money laundering and countering the financing of terrorism (AML/CFT) regime. Additionally, this session will explore the need for AML/CFT regulation of virtual assets, as well as the potential for using blockchain technology to trace funds and identify money launderers.
1. Explain how cryptocurrency and virtual assets can be misused by money launderers and terrorism financing.
2. Discuss recent findings and challenges related to money laundering activities in offshore centers.
3. Discuss AML/CFT best practices in other countries and jurisdictions.
4. Explore methodologies for combatting money laundering using blockchain technology.