2019-6-15 18:15 |
The crypto industry can fight money launderers effectively, but not the way FATF wants it to, a CEX.IO compliance officer writes.
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Financial Action Task Force (FATF), the agency that makes anti-money laundering (AML) rules for governments to follow worldwide, released its updated guidance for crypto on Thursday. Based on prior guidelines issued in 2019 and the follow-up report from last year, the FATF has laid down new rules on everything from custodians to crypto exchanges.
2021-10-28 16:50 | |
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Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.
2020-8-3 10:00 | |
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Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule.
2020-6-23 19:30 | |
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The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products.
2020-1-18 16:10 | |
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Shyft Network is building a blockchain solution to help crypto exchanges comply with the FATF's "travel rule" guidance.
2019-10-29 13:05 | |
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Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data.
2019-8-12 06:45 | |
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The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access.
2019-6-25 09:53 | |
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In late June, the FATF is going to introduce instructions for countries allowing crypto trading on centralized exchanges and are expected to be tight
2019-6-13 18:45 | |
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FATF Orders Lawmakers To Expand Crypto Terminology On Federal Bill, Holding Up Adoption Of Regulations Adoption of cryptocurrency regulations has been postponed in Russia. FATF requires the terminology be changed to reflect major industry phrases like “Bitcoin” and “cryptocurrency.
2019-5-21 22:12 | |
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Russia is delaying the adoption of its crypto regulation due to a FATF requirement to legislate terms such as “bitcoin” and “crypto”
2019-5-21 16:26 | |
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It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.
2019-5-13 21:33 | |
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Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.
2019-5-3 17:40 | |
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By CCN. com: Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors generated from stealing from bitcoin exchanges and operating cryptocurrrency scams reached $1.
2019-5-1 15:13 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Chainalysis says FATF must rethink its recommendations to crypto exchanges
2019-4-13 14:18 | |
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The international watchdog's draft recommendation for KYC compliance are unrealistic and may be harmful to the crypto industry, says Chainalysis.
2019-4-12 12:25 | |
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The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF).
2019-4-2 01:33 | |
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Pakistan is set to introduce regulations for digital currencies as part of its action plan pertaining to the Financial Action Task Force (FATF), reports local media outlet The Express Tribune, April 1, 2019.
2019-4-2 23:00 | |
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The Story of Boaz Manor and the $31 Million Blockchain Scam in Blockchain Terminal ICO The Story of Boaz Manor and the $31 Million Blockchain Scam in Blockchain Terminal ICO Stablecoins Continue to Grow Amid Bitcoin Uncertainty and Crypto Market Death Spiral Stablecoins Continue to Grow Amid Bitcoin Uncertainty and Crypto Market Death Spiral Notorious […]
2018-12-12 23:33 | |
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The Financial Action Task Force (FATF), an international financial watchdog, has reported last week that the crypto exchanges from the United Kindom represent what can be considered a low risk for money laundering.
2018-12-11 20:06 | |
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Cryptocurrency Needs To Improve Protocols To Prevent Money Laundering In UK, Says FATF The Financial Action Task Force (FATF) is the financial security body that handles regulatory measures surrounding cryptocurrency.
2018-12-10 22:07 | |
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The Financial Action Task Force recommendation is part of a broader report about British anti-money laundering and combating the financing of terrorism systems.
2018-12-10 11:38 | |
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Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1.
2018-12-4 23:44 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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The G20 leaders have agreed to develop a regulatory framework for digital assets, bringing rules in line with FATF standards.
2018-12-3 12:24 | |
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Russia Tells Financial Action Task Force To Control Crypto Circulation The Financial Action Task Force is a Paris-based intergovernmental organization that was created in 1989 with the goal of helping in the development of standards that will help in the fight of money laundering around the world. Now, a regulator from the Russian government has […]
2018-10-30 03:57 | |
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Группа разработки финансовых мер борьбы с отмыванием денег (FATF) потребовала от стран-участниц выдавать лицензии или иначе регулировать деятельность криптобирж, работающих в их юрисдикциях.
2018-10-22 17:41 | |
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The Financial Action Task Force (FATF) – an international agency which is intended to tackle criminal activity across the globe, is set to issue the first set of rules regarding cryptocurrency regulations in 2019.
2018-10-22 17:00 | |
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The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018. FATF Readies Global Crypto Regulation on Money Laundering Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation.
2018-10-20 00:15 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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The G20 has made a decision to delay its requirement for ‘very specific recommendations’ for crypto regulations, after receiving a number of balanced and fair reports
2018-7-28 12:50 | |
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A definitive word may come from the G20 summit in October.
2018-7-26 20:55 | |
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Back in a March 2018, the members of the G20 countries have decided that it was necessary to look into anti-money laundering policies that can be applied to cryptocurrencies. This decision comes from the multiple cases that previously arose in terms of money laundering, terrorism financing and several of its likes. As per a released […]
2018-7-24 16:50 | |
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The group will wait for the results of the ongoing FATF standards review, the G20 finance ministers and central bank governors decided this weekend.
2018-7-23 18:01 | |
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Cryptocurrencies will continue to receive a broadly hands-off approach from the G20 until at least October, a meeting of the forum confirmed July 21-22. A summary of interim decisions made by the dedicated Finance Ministers & Central Bank Governors (FATF) group sees any hard-and-fast regulatory steps regarding cryptoassets remain absent. The results follow a four-month
2018-7-23 17:36 | |
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The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12.
2018-6-13 08:58 | |
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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.
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog.
Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation.
GMEX has acquired ING’s Pyctor business to connect CeFi and DeFi amid the increasing demand for hybrid finance.
“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.
Министерство юстиции Японии намерено внести поправку в закон о конфискации активов, которая позволит правоохранительным органам изымать криптовалюты, связанные с преступной деятельностью.
Комиссия по финансовым услугам Южной Кореи (FSC) и Служба финансового надзора (FSS) стараются предотвратить ситуацию с Terra.