Russia suspended from FATF In a first for the FATF, it has suspended another member state — the Russian Federation. The decision was made by the FATF due to Russia’s failure to comply with a demand fr...
Tag: FATF
FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto
According to a study published by the Financial Action Task Force, often known as FATF, its delegates have reached a consensus on an action plan “to encourage prompt worldwide implementationR...
FATF urges enhanced compliance with virtual asset standards to combat crypto-based crime
Ad The Financial Action Task Force (FATF) urged countries to enhance regulation of virtual assets and ensure compliance with its 2018 standards on virtual assets. The FATF said during its latest Plen...
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards – Regulation Bitcoin News
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard...
FATF agrees on roadmap for implementation of crypto standards
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. I...
FATF Unveils New AML Plans as Ransomware Attacks Decline
Global anti-money laundering watchdog, the Financial Action Task Force, has called for greater adoption of Virtual Asset Service Provider Travel Rule to curb the flow of illicit funds using cryptocurr...
Should investors worry about the latest FATF report? Binance’s CZ says…
The latest FATF report underscored the need for more regulation in the financial sector. Digital transformation may align the crypto market in a favorable way. The 2021-2022 FATF report is finally out...
CZ Responds To FATF Report; Calls For More Clarity
Crypto News: The global digital asset market saw a major collapse in 2022 which pumped the expert’s scrutiny toward money laundering and other illicit financial crime. However, Changpeng Zhao (CZ), CE...
Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule
The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Launderi...
FATF Report Finds Only 29 Jurisdictions Passed FATF Standards For Virtual Assets and Crypto Service Providers
– Advertisement – Update on FATF standards for virtual assets and service providers. A new FATF report on virtual assets finds only 29 out of 98 jurisdictions have passed the FATF ‘travel ...
Hurry Up With Crypto ID Checks, FATF Tells Countries
In 2018 proposals, modified in 2019, FATF said crypto service providers have to verify who their customers are. The identity checks are supposed to allow authorities to track illicit funds, just as th...
FATF to publish travel rule implementation report this month
The Financial Action Task Force (FATF) is gearing up to publish a report on how member nations are implementing its travel rule and emerging views on decentralized finance (DeFi). The global anti-mon...
Half of assessed jurisdictions don’t have ‘adequate laws and regulatory structures’ — FATF
The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financin...
Crypto Exchanges in South Korea, trying best to meet upcoming FATF travel rules
FATF keeping in view the mitigation of the possibility of crypto exchanges involved in money laundering and illicit activities Well known intergovernmental organization to check on money laundering an...
These South Korean crypto firms are warming up to meet the FATF travel rule
South Korean regulatory watchdogs have made stance pretty clear with the new travel rule in place. No, not for COVID. As the regulatory landscape changed in Korea, crypto businesses had to proactively...
A Former Bitcoin Fundraiser For Canada’s ‘Freedom Convoy’ Protest
As originally reported in the Toronto Star last Monday, February 7, Greg Foss, a Canadian and former hedge fund manager, was identified as one of five ‘multi-signature’ key holders of the Bitcoin rais...
Crypto Service Providers Willing to Embrace FATF Travel Rule, Study Shows
The Travel Rule, which now governs service providers in the digital currency ecosystem, is arguably not a source of concern as a new report from Notabene shows many firms in the space are in complianc...