Financial Action Task Force

Argentina rushes to regulate digital assets as FATF evaluation looms

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27 February, 2024

Argentina rushes to regulate digital assets as FATF evaluation looms

Reports say that President Milei will issue an emergency decree to bring all ‘crypto’ activity under regulatory oversight before FATF’s...

Kenya forms ‘crypto’ working group after addition to the FATF grey list

Business

Steve Kaaru

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26 February, 2024

Kenya forms ‘crypto’ working group after addition to the FATF grey list

Kenya joins neighbors Tanzania and Sudan and regional heavyweights South Africa and Nigeria on the grey list, with digital assets...

Turkey weighs digital asset regulations to curb ‘system abuse’: report

Business

Steve Kaaru

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28 November, 2023

Turkey weighs digital asset regulations to curb ‘system abuse’: report

As one of the world’s largest digital asset hubs, Turkey is focused on licensing and taxing digital asset operations to...

UAE unveils new guidelines to curb unauthorized use of digital assets

Business

Wahid Pessarlay

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16 November, 2023

UAE unveils new guidelines to curb unauthorized use of digital assets

To combat illicit digital asset use, the United Arab Emirates released new guidelines that would help strengthen the region's financial...

Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces

Business

Jordan Atkins

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3 November, 2023

Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces

The lack of a dedicated legal regime for digital assets in Turkey has been cited by the Financial Action Task...

Business

Steven Stradbrooke

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2 November, 2023

More tricks than treats in Tether’s Q3 attestation; Circle shuts USDC consumer accounts

Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’...

Kuwait issues blanket ban on digital currency transactions

Business

Wahid Pessarlay

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25 July, 2023

Kuwait issues blanket ban on digital currency transactions

The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.

FATF calls for better implementation of its digital asset guidance to combat financial crimes

Business

James Field

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28 June, 2023

FATF calls for better implementation of its digital asset guidance to combat financial crimes

The Financial Action Task Force urged member states to promptly implement its virtual asset and virtual asset service provider guidance,...

Qatar needs to ramp up efforts to combat money laundering: FATF

Business

Wahid Pessarlay

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5 June, 2023

Qatar needs to ramp up efforts to combat money laundering: FATF

Qatar is in danger of being put under Financial Action Task Force’s grey list after the global regulator called out...

Japan to impose stricter AML measures for digital currencies in June 2023

Business

Wahid Pessarlay

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29 May, 2023

Japan to impose stricter AML measures for digital currencies in June 2023

Aiming to align with global AML standards, Japan is pushing for enhanced digital asset regulation in hopes that the move...

Pakistan set to impose blanket ban on digital currencies

Business

Wahid Pessarlay

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25 May, 2023

Pakistan set to impose blanket ban on digital currencies

Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the...

South Korea: Lawmaker faces criticism over digital currency holdings, disobeying travel rule

Business

Wahid Pessarlay

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12 May, 2023

South Korea: Lawmaker faces criticism over digital currency holdings, disobeying travel rule

Kim Nam-kuk, an opposition member of the South Korean National Assembly, is under investigation in connection with allegedly liquidating KRW...

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