FATF

Cracked globe (Mike Kemp / Getty Images)
U.K.’s Travel Rule Troubles Showcase Global Challenge for Crypto
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.
Cracked globe (Mike Kemp / Getty Images)

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

Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)
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).
Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)

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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.
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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
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.
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

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

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

Argentina flag (Unsplash)
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.
Argentina flag (Unsplash)

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

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