The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. FATF, which sets global standards for anti-money laundering and countering the financing of terrorism, recently included the nations of Kenya and Namibia on that list while removing Barbados, Gibraltar, Uganda and the...
Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for Fighting Financial Crime and will absorb the country’s existing AML authority, the Financial Intelligence Unit, the Financial Times (FT) reported...
Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that promotes such standards, the Wall Street Journal reported. The Financial Action Task Force (FATF) said that of the 98 jurisdictions...
The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list” over concerns the country’s leaders aren’t doing enough to squelch illegal financial activities, Bloomberg reported Thursday (March 3). FATF’s “gray...
November 20, 2019
Among the biggest problems for cryptocurrency — if not the biggest — is legitimacy. The world seems to be divided into two camps, at least when speaking generally: Those who think bitcoin and other digital currencies provide the promise of transactional efficiency in the coming year, and those who view cryptocurrency as mainly a way […]
March 28, 2024
As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task Force (FATF), whose president told CoinDesk Thursday (March 28) that this low level of response — with under 30% of the world’s jurisdictions regulating crypto — requires a “call to […]
February 29, 2024
The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. FATF, which sets global standards for anti-money laundering and countering the financing of terrorism, recently included the...
March 29, 2023
Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for Fighting Financial Crime and will...
July 01, 2022
Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that promotes such standards, the Wall...
