The world is awash in dirty money — and criminals who are constantly finding new ways to hide their loot in real estate, art, securities, cryptocurrencies and old fashioned bank accounts. Policing the ...

In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures. The Financial Action Task Force (FATF) has updated its ...

The gist seems to be that they come back with “FATF recommendations” about how to stop money laundering, and local countries and regulators have to implement these rules. Few people in any individual ...

Every 8–10 years, countries are assessed on their compliance with the FATF’s recommendations on money laundering, terrorist financing and proliferation financing. The UK’s next evaluation is scheduled ...

The Financial Action Task Force (FATF) announced it will not sanction ... approval of the law to fight the money laundering, and the recommendations given in order to continue improving the ...

work assiduously to exit the list because of the dire implications on a country’s economy and financial transactions. Failure to implement FATF recommendations will lead to a country getting on ...