Financial Action Task Force (FATF) – Your handbook for Virtual Assets – Part 1

Key Insights:

• FATF plays a critical role in setting global standards for combating financial crime, particularly money laundering and terrorism financing. Its recommendations influence the operations of over 200 countries and jurisdictions and shape the compliance strategies of financial institutions worldwide.
• Defining virtual assets and virtual asset service providers under FATF guidelines might be hard. In this article provided by Global Ledger (GL), a blockchain analytics company from Switzerland with customers worldwide, their team tried to overcome those challenges and break everything down.
• Following the FATF document, GL team also addressed the difficulties in applying FATF guidelines to the P2P platforms and DeFi sector.

 Read full article: FATF 101: Essentials of Virtual Asset Compliance (globalledger.io)