Lucy Frew is a Partner in Walkers' Regulatory & Risk Advisory Practice Group.

In this edition of her column, Lucy considers the public consultation on revisions to the Financial Action Task Force (FATF) guidance on a risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs) published on 19 March 2021 (Guidance), less than two years after it was originally introduced. She also considers the Kalifa Review of UK FinTech published by HM Treasury on 26 February 2021.