The Latest Financial Action Task Force News

Why you must rethink FATF now
Editorial 17 October 2019

Why you must rethink FATF now

Outside of the previously lightly regulated cryptocurrency ecosystem, the guidance is essentially the application of FATF’s operative guidance called the “travel rule” for traditional financial institutions towards crypto businesses.

Int’l watchdog readies crypto-related AML rules for June 2019 rollout
Business 22 October 2018

Int’l watchdog readies crypto-related AML rules for June 2019 rollout

Under the changes to FATF global standards, crypto exchanges, certain types of wallet providers and providers of financial services for ICOs will be subjected to AML/CFT regulations, such as conducting customer due diligence including ongoing monitoring, record-keeping, and reporting of suspicious transactions.