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Inventus Blog

Inventus is a leading global discovery management practice, focused on reducing litigation costs through a suite of bundled, best-of-breed technologies.

Erin Plante

Erin Plante
Erin Plante brings deep experience in international markets to her role leading Inventus' strategy and consulting practice. She is one of the most highly-skilled individuals in the eDiscovery and compliance industries and focuses on delivering innovative risk management, eDiscovery, and compliance solutions to clients.
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Recent Posts

New FATF Guidance to Affect Cryptocurrency, Anti-Money Laundering, and Anti-Terrorist Financing Compliance for Financial Institutions

Posted 07/17/19 2:41 PM by Erin Plante

Last month, the Financial Action Task Force (FATF), the inter-governmental body that sets global standards relating to anti-money laundering (AML) and combating the financing of terrorism (CFT), published its much anticipated guidance on how its 200+ member and observer states will have to start regulating virtual asset markets in their jurisdictions.

 

FATF detailed which types of virtual asset (VA) activities (a virtual asset is a representation of currency, rather than currency itself) must be regulated and the minimum requirements it expects from regulators, which far surpasses current efforts in most countries. The guidance can be used as an aid to implement existing FATF recommendations for other financial instruments.

 

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