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Island's evidence used in MONEYVAL report on virtual assets

The Island's given evidence for a report by Europe's money laundering watchdog warning of the risks posed by virtual assets.

MONEYVAL says while regulation has improved locally and internationally, there's still gaps in enforcement, especially with unlicensed crypto firms.

The organisation also highlighted risks linked to online gambling and new threats from fraud and state-backed financial crime.

You can read the full report here

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