FATF

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U.K. crypto firms have just days to comply with new anti-money laundering requirements – but they are seeking more guidance given patchy implementation of the controversial FATF rule between jurisdictions.

Aug 24, 2023 at 10:41 a.m. UTC

Aug 24, 2023

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Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says

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Cdtv

Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says

Most jurisdictions still aren’t fully complying with international anti-money laundering norms for crypto, according to standard-setter the Financial Action Task Force (FATF). The global anti-money laundering watchdog also added that North Korea is using illicit virtual assets to fund weapons of mass destruction. "The Hash" panel weighs in on the latest report.

By CoinDesk Staff

Jun 23, 2023 at 5:47 p.m. UTC

Jun 23, 2023

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Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)

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Regulations

Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions

Restrictions targeting 21 countries include only allowing select crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).

By Sandali Handagama

May 30, 2023 at 12:22 p.m. UTC

May 30, 2023

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Regulations

Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report

Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.

By Amitoj Singh

May 24, 2023 at 10:50 a.m. UTC

May 24, 2023

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Karachi, Pakistan - Nov 14, 2021: People are seen at a weekly Sunday bazaar in Bufferzone, an area of central Karachi of Sindh province in Pakistan

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Regulations

FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'

Pakistan's Minister of State for Finance and Revenue has reportedly said crypto cannot be legalized in the nation due to conditions set by the global money laundering watchdog for staying off of its list of countries under increased monitoring.

By Amitoj Singh

May 24, 2023 at 8:12 a.m. UTC

May 24, 2023

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G7 summit or meeting concept. Row from flags of members of G7 group of seven and list of countries, 3d illustration

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Regulations

G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says

President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.

By Sandali Handagama

May 18, 2023 at 9:52 a.m. UTC

May 18, 2023

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The FATF, a global anti-money-laundering watchdog, said many countries have failed to implement its standards for crypto. (NASA/Unsplash)

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Regulations

FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms

The global financial crime watchdog's plenary, made up of 206 members including observer organizations like the UN, also agreed to take stock of what jurisdictions have been doing so far.

By Sandali Handagama Camomile Shumba

Feb 24, 2023 at 1:33 p.m. UTC

Feb 24, 2023

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Argentina

Argentina's National Securities Commission to Set Requirements and Rules for Crypto Companies

The jurisdiction of that agency is specified in a bill that is under discussion in the Argentine Congress.

By Andrés Engler

Feb 7, 2023 at 10:11 p.m. UTC

Feb 7, 2023

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La FATF aseguró que no ha cambiado su forma de controlar a las criptomonedas. (Yuichiro Chino/Getty Images)

Regulación

No-livewire

El régimen de control cripto no ha cambiado, según el organismo mundial de vigilancia contra el lavado de dinero

El Grupo de Acción Financiera Internacional respondió a un informe que afirma que se está preparando para llevar a cabo controles anuales de cumplimiento y dijo que no ha cambiado la forma en que supervisa los activos de criptomonedas.

By Sandali Handagama

Nov 8, 2022 at 5:46 p.m. UTC

Nov 8, 2022

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Abstract circuit and mechanical eye on dark background. Digital internet crime concept.

Policy

Regulations

Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged

The Financial Action Task Force responded to a report that it is preparing to conduct annual compliance checks, saying it has not changed the way it monitors crypto assets or the process for adding countries to its "gray list."

By Sandali Handagama

Nov 8, 2022 at 9:14 a.m. UTC

Nov 8, 2022

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