FATF News

New European regulations mandate swift Travel Rule compliance from crypto-related businesses to combat money laundering and illicit activities.

As the FATF introduced new challenges for crypto businesses, industry leaders share insights for potential solutions.

Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.

The South Korean Financial Intelligence Unit publicly announced the tightening of scrutiny over crypto exchanges in the country.

UAE’s Financial Services Regulatory Authority has updated its AML and sanctions rules with new elements related to digital assets.

The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering and Terrorist Financing Law.

The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.

The country emphasizes the necessity of dealing with the risks of digital assets in developing economies.

The licensed financial institutions would be required to verify the identities of all customers.

While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.

Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.

Part of the FATF’s “Travel Rule” includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.

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.

PayPal has stepped up its regulatory compliance by joining TRUST to streamline its reporting requirements relating to the digital assets “travel rule.”

GMEX has acquired ING’s Pyctor business to connect CeFi and DeFi amid the increasing demand for hybrid finance.