El Salvador’s Attorney General, Rodolfo Delgado, and the European Union ambassador, Duccio Bandini, have signed a memorandum of understanding to provide technical assistance in the national sectoral risk assessment focused on virtual assets and service providers.
This initiative marks the European Union’s commitment to supporting transparency, security, and protection in the face of the challenges posed by virtual assets. “This cooperation contributes to the ongoing efforts of the Attorney General’s Office to build a virtual asset ecosystem that promotes, to some extent, financial transformation,” said Delgado.
Ambassador Bandini noted that one of the first contributions of the agreement will be the promotion and growth of crypto assets in El Salvador. The effort, led by the Financial Investigation Division of the Attorney General’s Office, aims to align with international standards set by the Financial Action Task Force (FATF).
The event was also attended by the Superintendent of the Financial System and other representatives from the Financial Investigation Unit, highlighting the country’s ongoing efforts to establish a secure and transparent financial environment.