Tag: FATF
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T [...]
Turkey aims to shed FATF gray list status with new crypto regulations
Turkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an internatio [...]
Turkey in “Final Stage” of Bringing Crypto Legislation as Last Step to Get off FATF’s Grey List: Minister
“We will submit a law proposal on crypto-assets to the parliament as soon as possible,” Simsek said, according to CoinDesk Turkey. “After that, there [...]
Cyprus to tighten crypto regulations in accordance with FATF
One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 rep [...]
UK crypto businesses to comply with FATF Travel Rule beginning in September
Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering (AML) and Count [...]
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism [...]
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
“Almost three quarters of jurisdictions are only partially compliant or not compliant with the FATF’s requirements” for virtual assets, according to a [...]
Qatar’s Central Bank Didn’t Properly Enforce Its Crypto Ban, Money Laundering Watchdog FATF Says
“There are major inconsistencies between Qatar’s risk profile and the type and extent of terrorist financing activity prosecuted and convicted,” added [...]
Japan’s bitFlyer Implements Money Laundering Measures in Line With FATF ‘Travel Rule’
The exchange has set notification requirements for receiving and sending crypto to TRUST-compliant platforms in a list of 21 countries, which includes [...]
FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its ‘Grey List’ for Increased Monitoring
The FATF requires virtual asset service providers to implement the same preventive measures as financial institutions, including customer due diligenc [...]
G-7 Countries Must Effectively Implement Travel Rule to End ‘Lawless’ Crypto Space, FATF Chief Says
"Around the globe, countries have made progress in implementing most of the standards; however, progress on implementing FATF’s updated requirements o [...]
Pakistani finance minister says crypto will never be legal because of FATF
Pakistan will ban cryptocurrency services operating in the country and never legalize crypto trading, Minister of State for Finance Aisha Ghaus Pasha [...]
FATF agrees on roadmap for implementation of crypto standards
The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of [...]
FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms
"The plenary thus agreed on a road map to strengthen implementation of FATF standards on virtual assets and virtual asset service providers, which wil [...]
Japan preparing amendment to enforce FATF travel rules on crypto by May 2023: Report
Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The [...]