MONEYVAL held a meeting on its new typologies project “Practice of Using Virtual Assets, Virtual Asset Service Providers & Platforms in the Laundering of Criminal Property” on 26 February 2025. The project team composed of representatives of Isle of Man, Azerbaijan, Estonia, Czechia, Gibraltar and Romania exchanged views and ideas on the scope of the project, timeline and deliverables. The project builds on the findings of the previous MONEYVAL 2023 study and aims to increase the understanding of the use of virtual assets in the region in respect of circumventing targeted financial sanctions, including the implementation of Recommendation 15 and the ‘Travel Rule’ on Virtual Assets. The Project Team intends to prepare a preliminary draft report and present an update on the status of the project to Plenary in December 2025, with a view to its adoption by the MONEYVAL Plenary meeting in 2nd quarter of 2026.