— FATF (@FATFNews) June 21, 2023 FAFT said it would publish a report on June 27 calling on member countries to implement its recommendations in order to close the loopholes which it says criminals look to exploit. Related: Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow...
FATF advised the Swiss government that it needed to take urgent steps to implement these recommendations in order to comply with the international regulatory authority. They, then, also warned that the failure to do so could result in the country facing severe economic sanctions. Therefore, the ...
Citing reference: FATF (2022), Targeted Update on Implementation of the FATF Standards on Virtual Assets/VASPs, FATF, Paris, France, /publications/fatfrecommendations/documents/targeted-update-virtual-assets-vasps.html © 2022 FATF/OECD. All rights reserved. No reproduction or translation of this...