Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Global body raises concerns about virtual currencies

Posted on 07 July 2014

The real and potential money laundering and terrorism financing risks of virtual currencies have been highlighted by the Financial Action Task Force (FATF), an inter-governmental body established by the Group of Seven that sets policies and standards on anti-money laundering and combating terrorist financing.
In a report on virtual currencies FATF notes virtual currencies such as Bitcoin are potentially vulnerable to money laundering and terrorist financing for many reasons. FATF last year recognised “significant progress” by New Zealand in addressing previously identified deficiencies following the coming into force of our Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031