Virtual assets market regulation: global and national level of implementation of AML/CFT international standards

The article is devoted to the implementation of international standards Financial Action Task Force (FATF) in field new technologies (Recommendation 15) and related risks money laundering, terrorist financing (AML/CFT). issues risk assessment management are considered from perspective development virtual assets (VA) market, its infrastructure, instruments, interaction with banking payment systems. also discusses current problems functioning global cryptomarket strategic planning cooperation solving these issues, as well an action plan at national level. In addition, asset service providers (VASPs) trying determine a cost-effective way comply this rule due lack any standardized protocol VASP for exchanging such information. authors disclose methodological approaches assessing AML/CFT (1 Recommendation), mechanisms conducting sectoral assessment, specifics AML procedures, identification verification customers, determination beneficial ownership, transfer information when performing transactions assets. directions between central government authorities, law enforcement system, participants market level, need implement "Travel Rule" (16 FATF Recommendations), using latest fintech blockchain (DLT) increase speed security transmitted analyzed. requires beneficiaries obtain retain necessary about initiator beneficiary. Particular attention paid measures Ministry Digital Transformation Ukraine regarding reduction threats use shadow economy, fraud cyberspace, cybercrime order develop transparent civilized crypto digital general.