Malta: Financial Intelligence Unit Consults on Application of AML/CTF Obligations to Virtual Financial Assets Sector

On October 31, 2018 the Financial Intelligence Analysis Unit (FIAU) launched a consultation on the application of anti-money laundering and counter-terrorism financing (AML/CTF) obligations to the virtual financial assets sector.

A virtual financial asset (VFA) is defined as "any form of digital medium recordation that is used as a digital medium of exchange, unit of account or store of value and that is not: electronic money; a financial instrument; or a virtual token".

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