Tagged: fatf

March 9, 2026 @ 9:00 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has released a sharply focused new analysis spotlighting how criminals are increasingly turning to stablecoins for illicit financial activities, especially through direct peer-to-peer transfers using unhosted digital wallets. Released in Paris on 3 March 2026, the report urges governments… Read More

January 3, 2026 @ 1:23 pm By Omar Faridi  |  

European digital assets platform Bitpanda has released an update that examines the facts around “illicit crypto use” while also challenging prevailing narratives about cryptocurrency’s role in money laundering, terrorist financing, and sanctions evasion. As authorities like the European Anti-Money Laundering Authority (AMLA) and the Financial… Read More

August 31, 2025 @ 3:26 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) unveiled a Money Laundering National Risk Assessment (NRA) resource, designed to enable countries to strengthen their risk-based strategies in combating financial crime. This resource marks a step forward in the global effort to safeguard financial systems from money laundering,… Read More

February 23, 2025 @ 5:18 pm By Michael Wong  |  

The Philippines has been removed from the Financial Action Task Force’s (FATF) grey list after more than three years, following significant progress in strengthening its anti-money laundering and counter-terrorism financing (AML/CTF) framework, the global financial watchdog said. The FATF, which monitors global efforts to combat… Read More

July 19, 2024 @ 9:28 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) has recently shared New Zealand’s progress in its efforts focused on “strengthening measures to tackle money laundering and terrorist financing.” FATF noted in a blog post that since the 2021 assessment of New Zealand’s measures to tackle money laundering… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More

May 17, 2024 @ 1:43 pm By Omar Faridi  |  

Countries need to urgently step up their efforts to target the huge illicit profits generated by transnational organized crime that facilitate conflicts, fund terrorism, and negatively impact vulnerable populations, according to an update shared by FATF. This was the unprecedented call to action from the… Read More

January 11, 2024 @ 10:11 am By Omar Faridi  |  

Turkey’s Minister of Treasury and Finance Mehmet Şimşek has shared insights regarding part of what’s expected to be included in the country’s upcoming crypto regulations. The Turkish government said it would be legally defining key concepts related to crypto and will comment on the licensing… Read More

November 26, 2023 @ 5:08 pm By Omar Faridi  |  

The non-profit sector performs a vital role in our society, providing relief and support to groups of the population in need, “at times of urgent crisis and often in challenging circumstances and regions.” Unfortunately, charitable fundraising has also “been used to provide cover for the… Read More

July 22, 2023 @ 6:47 pm By Omar Faridi  |  

Rapyd, the global Fintech-as-a-Service provider, today announced the appointment of Dr. Shlomit Wagman, former Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), Head of the Israeli Delegation to the FATF, Chair of the FATF operational working group, and a Harvard-affiliated scholar,… Read More

June 25, 2023 @ 7:25 pm By JD Alois  |  

The FATF (Financial Action Task Force) has just concluded its third Plenary under the Presidency of T. Raja Kumar of Singapore and has posted an update on the gathering. Amongst other hot topics, the group has bemoaned the slow pace of adoption of the FATF… Read More

May 19, 2023 @ 5:46 pm By JD Alois  |  

T. Raja Kumar of Singapore is the current president of the FATF, and yesterday he issued a call to the G7 to end the “lawless crypto space.” The Financial Action Task Force is a global group that aims to halt money laundering, terrorist financing and… Read More

February 26, 2023 @ 9:34 pm By JD Alois  |  

The Financial Action Task Force or FATF, the global AML/CFT group, has announced the outcomes of its most recent plenary. Included in the announcement are several items of note. Filed under “improving implementation of FATF requirements for virtual assets and virtual asset service providers,” the… Read More

November 30, 2022 @ 4:47 pm By JD Alois  |  

The Financial Action Task Force (FATF) has published a report on money laundering from fentanyl and synthetic opioids. The report was co-led by the US and Canada and offers recommendations for countering the illicit drug trade. FATF is a global organization that aims to encourage… Read More

July 4, 2022 @ 10:07 am By JD Alois  |  

FATF (Financial Action Task Force) has issued an update on virtual assets (VAs) and virtual asset service providers (VASPs) and approved standards and implementation. FATF is a global entity but does not have rule-making authority as regulations must be set by members. FATF has pursued… Read More

June 17, 2022 @ 3:23 pm By JD Alois  |  

The Financial Action Task Force (FATF), a global entity that engages financial regulators around the world, met this week to discuss multiple initiatives including the digital asset marketplace and Virtual Asset Service Providers (VASPs) as well as Travel Rule implementation. The Travel Rule is a… Read More

March 30, 2022 @ 10:23 pm By JD Alois  |  

Tokenize Xchange (aka Tokenize), a Singapore-headquartered digital asset exchange, has joined the VerifyVASP alliance as it aims to create a seamless, compliant experience for its users of digital assets. According to a note from Tokenize, the company will utilize VerifyVASP’s network to connect with other… Read More

March 15, 2022 @ 5:00 am By JD Alois  |  

Bitstamp is reporting that it has implemented Notabene’s solution for regulatory compliance under FATF’s global Travel Rule regulations across the US, EU, and Singapore. Notabene is a Regtech Software-as-a-Service solution provider that is headquartered in New York with offices around the world. The Financial Action… Read More

March 7, 2022 @ 11:58 pm By Omar Faridi  |  

Jurisdictions under increased monitoring are “actively working” with the Financial Action Task Force (FATF) to address “strategic deficiencies” in their regimes in order to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it “means the country… Read More

February 16, 2022 @ 5:42 pm By JD Alois  |  

Announced today, the Travel Rule Universal Solution Technology (TRUST) is an industry-embraced solution to comply with the FATF Travel Rule that targeted VASPs (virtual asset service providers) globally. Announced by founding members who include most of the biggest names in crypto, the Trust platform is… Read More