Money Laundering Bulletin

Timon Molloy

Document

FATF warns nearly 3 in 4 jurisdictions fail to meet VASP AML standards

The June 2023 plenary of the Financial Action Task Force (FATF), which wound up today [Friday 23 June], has warned that almost 75% of jurisdictions worldwide are failing to implement its AML standards on virtual assets and virtual asset service providers (VASPs).

By Keith Nuthall

The June 2023 plenary of the Financial Action Task Force (FATF), which wound up today [Friday 23 June], has warned that almost 75% of jurisdictions worldwide are failing to implement its AML standards on virtual assets and virtual asset service providers (VASPs).

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