AML Issues for Virtual Assets in Asia Pacific – A Regulatory View

There are risks associated with virtual assets, in particular with regards to the anonymity of the sources and uses of virtual funds. Virtual asset transactions can be difficult to integrate into financial institutions’ existing KYC and AML processes. The fact that virtual assets are not bound by geographic limitations adds another complication, as it can be challenging to pinpoint the relevant jurisdiction or regulatory regime for such transactions.

Read our white paper for an overview of how virtual assets are posing new challenges for financial institutions in Asia Pacific.