Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

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Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF […]

Source: Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF