The adage, it’s not what you know, it’s who you know, is often used to decry nepotism. However, when it comes to corruption, personal and professional connections can be equally problematic. This is the case with politically exposed persons (PEPs). There is no official...

On October 19, 2018, the Financial Action Task Force (FATF) published long-awaited changes to its recommendations and glossary relating to “virtual assets” and “virtual assets service providers;”1 these changes supplemented the 2015 FATF report, Guidance for a Risk-Based Approach to Virtual Currencies.2 Existing terms such...