The Financial Action Task Force (FATF) has issued a public statement on its planned actions to mitigate risks deriving from virtual assets. The statement explains that the FATF is currently working on more detailed implementation requirements for effective regulation and supervision/monitoring of virtual asset services providers (VASPs). It has therefore been working on an Interpretative Note to Recommendation 15. The FATF plans to have the text of the new Interpretative Note finalised and formally adopted as part of the FATF Standards by June 2019.
To this end, the FATF is inviting the private sector to provide written comments on paragraph 7(b), as it is yet to be finalised. Comments should be sent to the FATF Secretariat by 8 April 2019.