FATF
An intergovernmental organization responsible for setting global standards on anti-money laundering and counter terrorist financing. Its recommendations have been incorporated into the domestic law of most countries.
Timeline (last 90 days)
The Financial Action Task Force (FATF) is the intergovernmental body that sets global anti-money laundering standards, its recommendations have been incorporated into domestic law by most countries, and the FATF explicitly requires virtual asset service providers to perform KYC obligations equivalent to those of banks.
Every cross-border remittance on the SWIFT network retains counterparty information and is subject to FATF compliance requirements, with large transactions requiring KYC verification.
All Facts (2)
The Financial Action Task Force (FATF) is the intergovernmental body that sets global anti-money laundering standards, its recommendations have been incorporated into domestic law by most countries, and the FATF explicitly requires virtual asset service providers to perform KYC obligations equivalent to those of banks.
50%UnverifiedEvery cross-border remittance on the SWIFT network retains counterparty information and is subject to FATF compliance requirements, with large transactions requiring KYC verification.
50%