FATF

The Financial Action Task Force, also known by its French name, Groupe d'action financière, is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing.

Source: en.wikipedia.org

Air Travelers Help Fuel $2 Trillion Global Money Laundering System
Air Travelers Help Fuel $2 Trillion Global Money Laundering System
April 21, 2024  |  Security & Fraud

Each year, money launders funnel $2 trillion in ill-gotten gains into the financial system. And a lot of that money travels by air, in cash,...

READ MORE >
Report: Crypto Remains Underregulated Around Much of the World
Report: Crypto Remains Underregulated Around Much of the World
March 28, 2024  |  Cryptocurrency

As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task...

READ MORE >
FATF Updates List of Countries Needing ‘Increased Monitoring’
FATF Updates List of Countries Needing ‘Increased Monitoring’
February 29, 2024  |  AML

The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. FATF, which sets global standards for anti-money laundering and countering the financing...

READ MORE >
FATF: International Crypto AML Framework is Lacking
FATF: International Crypto AML Framework is Lacking
July 01, 2022  |  AML

Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that...

READ MORE >
FATF Demotes UAE to Money Laundering ‘Gray List’
FATF Demotes UAE to Money Laundering ‘Gray List’
March 04, 2022  |  AML

The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list”...

READ MORE >
FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
July 10, 2020  |  Cryptocurrency

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The survey, requested...

READ MORE >
Looking Toward Digital Onboarding In The Battle Vs. Fraud
Looking Toward Digital Onboarding In The Battle Vs. Fraud
April 03, 2020  |  Digital Identity

There’s been no real harbinger of what we’re facing: the huge shift toward doing everything at home, from working to learning to — especially — shopping. The...

READ MORE >
Can FATF’s New ‘Travel Rule’ Help Build A Better Crypto Ecosystem?
Can FATF’s New ‘Travel Rule’ Help Build A Better Crypto Ecosystem?
November 20, 2019  |  Cryptocurrency

Among the biggest problems for cryptocurrency — if not the biggest — is legitimacy. The world seems to be divided into two camps, at least...

READ MORE >
‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
November 15, 2019  |  Cryptocurrency

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S. government is going to strictly oversee...

READ MORE >