Conceptual Framework for Legal & Risk Assessment of Blockchain Crypto Property (BCP)
MME and its team of technology, banking, corporate law, tax and Anti-Money Laundering (âAMLâ) experts have developed a first draft proposal of a âConceptual Framework for a Legal and Risk Assessment of Blockchain Crypto Propertyâ. This paper will provide functional classification leading to three different BCP Classes and provides a risk assessment model for BCP, resulting in BCP Risk Categories.
Virtual Currencies Key Definitions and Potential AML/CFT Risks
The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payment method. An important step in assessing the risks and developing an appropriate response, is to have a clear understanding of the various types of virtual currencies and how they are controlled and used. This report establishes a conceptual framework of key definitions, which could form the basis for further policy development.
