The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) has launched a new typologies project examining how virtual assets, virtual asset service providers and platforms are used to launder criminal property and circumvent targeted financial sanctions. A project team comprising representatives from the Isle of Man, Azerbaijan, Estonia, Czechia, Gibraltar and Romania met to agree the project’s scope, timeline and deliverables. The work builds on MONEYVAL’s 2023 study and is intended to support understanding of virtual asset-related risks in the region, including implementation of Financial Action Task Force Recommendation 15 and the Travel Rule for virtual assets. The team plans to prepare a preliminary draft report and provide a status update to the MONEYVAL Plenary in December 2025, with adoption targeted for the second quarter of 2026.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2025-02-26
MONEYVAL launches typologies project on virtual assets and virtual asset service providers in money laundering and sanctions evasion
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) has initiated a project to investigate the use of virtual assets and service providers in laundering criminal property and evading financial sanctions. The project, involving representatives from several countries, aims to enhance understanding of virtual asset-related risks and aligns with Financial Action Task Force Recommendation 15 and the Travel Rule. A preliminary draft report is expected by December 2025, with final adoption in the second quarter of 2026.