Sep 18, 2024
PLL Legal participated in work on the CMTA's Updated AML Standards
PLL Legal is proud to announce the unveiling of the latest updates to the anti-money laundering (AML) standards developed by the Capital Markets and Technology Association (CMTA). These updated standards mark a significant step forward in enhancing compliance across digital asset markets and strengthening the framework that governs financial transactions. The CMTA’s updated AML guidelines reflect the evolving needs of businesses operating in a digital landscape, providing the necessary tools to ensure compliance while fostering growth and innovation. PLL Legal participated in work of the working group on these updates.
The Standards are comprised of two separate documents, addressing respectively:
Digital Assets – AML Standards for Issuers
Digital Assets – AML Standards for Financial Intermediaries
Both of the Standards can be downloaded from the CMTA's website here: https://cmta.ch/standards/digital-assets-aml-standards
With these updated AML standards, the CMTA is setting a new benchmark for compliance in the digital asset sector in Switzerland. The standards are intended to be flexible yet comprehensive, providing a solid soft law foundation for companies to build robust compliance programs.
By staying ahead of regulatory developements, these stadards enable businesses to mitigate risks effectively and ensure that they remain complaint in the fast-evolving world of digital finance.
PLL Legal's expertise in digital assets and regulatory frameworks ensures that our client receive not only practical, but also future-proof advice, paving the way for a more secure and predictable ecosystem. If you would like to obtain more information on the CMTA's AML standards or have aquestion for our Blockchain, DLT & FinTech team, please contact us.
