UK crypto businesses to comply with FATF Travel Rule beginning in September
The UK passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
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Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
FATF agrees on roadmap for implementation of crypto standards
Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.
Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule
“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.
President of Panama shoots down crypto bill citing FATF guidelines
Although the President has previously called the laws innovative, his concern regarding anti-money laundering measures has put the bill back up for debate with the government.
FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance.
Cardano Foundation partners with Coinfirm for FATF and 6AMLD compliance
Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number which may grow as the project prepares to expand to smart contracts.