Binance strengthens FATF compliance by joining GTR Alliance, enhancing interoperable AML efforts. Collaboration with industry leaders fosters trust and transparency, ensuring data security for users.
Huang BoTurkey is implementing crypto regulations, prioritising licensing standards to address FATF concerns, ensure global compliance, and bolster its position in the crypto market.
Hui XinPakistan's Minister of State for Finance and Revenue has reportedly said crypto cannot be legalized in the nation due to conditions set by the global money laundering watchdog for staying off of its list of countries under increased monitoring.
Coindesk“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.
CointelegraphWhile the president had previously called the bill innovative, concerns about anti-money laundering measures brought it back to the administration for discussion.
CointelegraphAlthough the President has previously called the laws innovative, his concern regarding anti-money laundering measures has put the bill back up for debate with the government.
CointelegraphThe organization reported that only 9% of countries were “substantially effective” in areas including transparency in beneficial ownership.
Cointelegraph