FATF Travel Rule Implementation
At the end of June, the Financial Action Task Force released its fourth “Targeted Update on Implementation of FATF’s Standards on VAs and VASPs.” The report surveyed 151 jurisdictions to find out what they have done to comply with the FATF Recommendations on virtual assets. With the results now in, we see that many are not doing enough. According to FATF, 75% of jurisdictions that have made changes to their regimes have only done so to a partially or non-compliant extent, while only half of countries have brought in changes to accommodate the Travel Rule. For more valuable information visit: TRM Labs