Key highlights from the FAQs include:
- Clarification of terminology related to digital assets, including definitions of cryptocurrencies, tokens, and distributed ledger technology (DLT);
- Guidance on applying existing anti-money laundering (AML) and counter-terrorist financing (CTF) controls to digital asset activities;
- Recommendations for due diligence processes when engaging with digital asset customers or counterparties.
💡 Financial institutions should review these FAQs to enhance their understanding of digital assets and strengthen their financial crime compliance frameworks accordingly.