FATF News and Articles

Most of the countries overseen by the Financial Action Task Force on Money Laundering (FATF) have not performed obligations for crypto companies. That is stated in the notification following the results of the plenary meeting of the organization. FATF standards are currently supported by 58 out of...

Each exchange must create a database of traders to combat the illegal use of digital currencies. That is stated in a statement by the Financial Action Task Force on Money Laundering (FATF). This organization has repeatedly pointed out the need for detailed identification of cryptocurrency holders....

CoolBitX founder Michael Ou says Asian countries are leading the way in introducing a “travel rule” for the FATF, which should be offered no later than June 2020. CoolBitX itself has developed a solution to implement the travel rule called Sygna Bridge. It allows exchanges to communicate with...

The Swiss Financial Market Supervision Authority has announced new amendments aimed at combating money laundering. Now, when carrying out cryptocurrency transactions on the exchange for an amount of more than a thousand francs (about $1,024), it will be necessary to pass identification, according...

The Poloniex cryptocurrency exchange returned unlimited trading and unlimited deposits for accounts without KYC. The only limit is set for the daily withdrawal of $10 thousand. Start trading in seconds 🚀We just introduced a new account tier for new customers! All you need is an email address and...

The deputies of the Verkhovna Rada adopted in the 1st reading a draft law on the implementation of FATF standards to combat money laundering and the financing of terrorism while regulating the crypto market. This was announced by the chairman of the deputy association Blockchain4Ukraine, People's...

The Financial Action Task Force on Money Laundering (FATF) decided to tighten the regulation of the cryptocurrency industry, in particular, to oblige the bitcoin exchanges and other crypto service providers (VASPs) to comply with AML and CFT (countering the financing of terrorism) procedures...