top of page
  • Writer's pictureAmeis Regulatory Services

On 4 March 2021, The Financial Action Task Force (FATF), published a new guidance document in its efforts to promote risk-based supervision.


Developing an in-depth understanding of the risks that their regulated entities face, is deemed critical to effective supervisory approaches and the guidance sets forth standards for a risk-based approach and strategies to address common challenges in risk-based supervision.


It includes high level guidance on risk based-supervision that are in line with he FATF standards, strategies to address common challenges in risk-based supervision as well well jurisdictional examples.


In addition, the guidance provides various examples from across the global network of countries, in particular on approaches related to Financial Institutions, Money Value Transfer Services (MVTS), Designated Non-Financial Business and Professions (DNFBP), Virtual Asset Service Providers (VASPs), and supervision in the COVID-19 context.



Recent Posts

See All

Product Corner - VAs : Quèsaco

Virtual Assets (VAs) or crypto assets refer to : “any digital representation of value that can be digitally traded, transferred or used for payment. It does not include digital representation of fiat

Upcoming Regulatory Deadlines to Watch

10 Aug 2023 - Deadline to submit comments to FCA Guidance Consultation (GC23/1) on crypto asset financial promotions. 5 Sep 2023 - Effective date of SEC Cybersecurity Risk Management, Strategy, Govern

Comentarios


bottom of page