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Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report

Published 11/07/2022, 11:08 PM
Updated 11/08/2022, 12:40 AM
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report

Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Force’s (FATF's) “grey list."

According to a Nov. 7 report from Al Jazeera, sources say the global financial watchdog is planning to conduct annual checks to ensure countries are enforcing AML and counter-terrorist financing (CTF) rules on crypto providers.

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