The Financial Action Task Force (FATF) has published a paper on Money Laundering and Terrorist Financing (ML/TF) risks and policy responses related to the Covid-19 pandemic.

The paper analyses, inter alia, the increasing risk of fraud and cybercrime, such as e-mail and SMS phishing, ransomware attacks, counterfeiting of goods and fundraising of fake charities.

Furthermore, there has been a case involving virtual assets used to launder proceeds of fraudulent Covid-19 medicine.

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