The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.Read more
Risk-based approach to compliance with the Sanctions Act
On 19 May 2021, following a ruling on an objection, we re-examined an earlier decision regarding a crypto service provider's compliance with the Sanctions Act.
Although this concerned a single specific case, we see scope, partly in the light of recent case law, to apply a more risk-based approach to compliance with the Sanctions Act in terms of establishing that the declared person is actually the recipient or sender of a crypto is concerned. Relations must always be screened. We have updated our website accordingly. We will soon change this page from a factsheet to a Q&A, with no further alteration of actual content.
- Crypto service providers