Anti-Financial Crime & Financial Crime Compliance
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Virtual asset services causing problems in Denmark’s latest FATF assessment; the only area of AML to be downgraded to weaker rating

Virtual assets

Denmark’s ongoing efforts to strengthen its AML resilience has hit a stumbling block in the form of virtual asset services.

The latest assessment from the Financial Action Task Force has downgraded its performance in the areas of ‘new technologies’ – largely due to how it handles these services.

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