Japan to implement anti-money laundering rules for crypto: report

Japan will introduce strict anti-money laundering rules on cryptocurrency transactions from June 1, the Southeast Asian nation’s cabinet decided on Tuesday.

• 2023-05-24
• Financial Action Task Force Japan anti-money laundering Southeast Asian nation digital assets Kyodo News

FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'

The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog.

• 2023-05-24
• Financial Action Task Force Pakistan Aisha Ghaus Pasha CoinDesk money laundering service providers

Crypto’s aversion to anti-money laundering standards is only hurting itself

For crypto to grow for the long term, the industry must show greater respect for global standards that combat crime, writes Slava Demchuk of AMLBot.

• 2023-05-24
• Financial Action Task Force Money laundering jurisdictions digital assets regulatory regimes regulations operational standards regulatory regime terrorism financing

G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says

President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.

• 2023-05-18
• Financial Action Task Force implementing