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Global crypto-enabled illicit finance risks becoming more complex, FATF warns

Global crypto-enabled illicit finance risks becoming more complex, FATF warns

FATF: the Paris-based organisation has published its seventh annual update on progress and remaining gaps following the extension of its AML/CFT standards to virtual assets and virtual asset service providers (VASPs) | Credit: © FATF/OECD plus Global Government Finance screenshot of report cover pdf

Crypto-enabled illicit finance risks across the globe are becoming more complex, the Financial Action Task Force (FATF) has warned.

The Paris-based organisation is an independent inter-governmental body with 40 member jurisdictions that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass…

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