FATF News
Latest FATF News
The Financial Action Task Force has directed Kenya to step up its efforts in prosecuting money laundering activities.
The FSRA has made revisions for regulatory clarity that align with the UAE's framework.
Ukraine will implement FATF’s requirements on crypto in a bid to avoid inclusion on the grey list. Yulia Parkhomenko, director of the virtual assets department at the Ministry of Digital Transformation of Ukraine, said in a Facebook post on Dec.…
The country seeks to get out of FATF’s “grey list” by putting more regulatory burden on crypto. Turkey is set to double down on crypto taxation and licensing to persuade the Financial Action Task Force (FATF) to remove it from…
Turkey is in the final stages of introducing crypto legislation, which could lead to its removal from the FATF grey list, says Finance Minister Mehmet Şimşek. Speaking to the nation’s planning and budget commission on Oct. 31, Şimşek said the…
G20 finance ministers say the document is necessary to achieve macroeconomic and financial stability goals. The G20 Finance Ministers and Central Bank Governors (FMCBG) adopted a crypto roadmap designed to support a coordinated regulatory framework for all group members. As…
Cyprus wants to align with international standards set by the Financial Action Task Force.
The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the "Travel Rule" as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies.
On December 29th, South Korean-based crypto exchange Coinone announced plans to ban all unverified 3rd party wallet addresses. According to several reports, this is to comply with government and FATF guidelines. According to reports, the rest of over 20 South…
In their ongoing fight against global money laundering, the Financial Action Task Force (FATF) has given out a new set of recommendations concerning cryptocurrency transfers between Virtual Asset Service Providers (VASPs). Under the FATF travel rule, VASPs must exchange personally…
With the European Union (EU) member states adopting the Fifth Anti-Money Laundering Directive (AMLD5), crypto exchanges in the region could see their compliance costs rise significantly. Meanwhile, financial regulators in the U.K. have moved to directly oversee AML compliance for…
In a bid to comply with anti-money-laundering (AML) guidelines of the Financial Action Task Force (FATF), leading cryptocurrency exchange Binance has joined forces with Coinfirm, a platform that claims to be the global leader in regulation technology (RegTech) for the…
The International Monetary Fund (IMF) published a new staff paper on September 19, saying stablecoins can cause significant disruptions to the current global payments framework. However, the organization also admits that this type of cryptocurrencies can contribute to improving financial…
Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean…