The Financial Action Task Force (FATF) reported that 11 of the 98 responding jurisdictions have begun implementing its standards for combating the financing of terrorism, or CFT, and anti-money laundering, or AML.
In an update released Thursday on the “Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers,” the FATF reported that the “vast majority” of jurisdictions assessed by the global network of organization since June 2021 “still require…