FATF reported insufficient compliance with AML in the crypto industry
According to experts, many countries do not sufficiently regulate the activities of crypto companies
20.04.2022 - 07:30
310
1 min
0
What’s new? The experts of the Financial Action Task Force on Money Laundering (FATF) have concluded that many countries do not comply with AML (anti-money laundering) requirements for cryptocurrency companies. Such data is contained in the FATF’s “Report on the state of effectiveness and compliance with the FATF standards.”
The full version of the FATF’s report
What else did the FATF say? According to the report, 37% of global jurisdictions are partially compliant with FATF regulations, while 9% are not in compliance with anti-money laundering measures. The published document indicates that the greatest risks are present in the European Union, China, and the United States. According to experts, this is where regulation of the cryptocurrency industry should be strengthened.
What had happened before? In March 2022, the Bank of England Financial Policy Committee requested additional powers from the government to strengthen oversight and regulation of cryptocurrencies. In its report, the Central Bank stated that the adoption of digital assets poses financial risks and urged commercial banks to exercise caution.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 893
BTC
+0.37%
-
Ethereum
$3 326.84
ETH
-1.29%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.48
XRP
+15.51%
-
Dogecoin
$0.412767
DOGE
+6.41%
-
Cardano
$1.02
ADA
+22.35%
-
Stellar XLM
$0.343069
XLM
+25.69%
-
Bitcoin Cash
$490.06
BCH
+0.83%
-
Polkadot
$6.64
DOT
+11.6%
-
Litecoin
$92.19
LTC
+2.69%