🚔 Anti-Money Laundering Group issues preliminary report on cryptoassets
In response to a request from the G20, the Financial Industry Task Force has published preliminary findings on the potential impact of cryptocurrencies on current anti-money laundering and counter terrorist financing regulatory regimes:
- Cryptoassets facilitate easy online access and global reach, making them attractive to move and store funds.
- Links between cryptoassets and criminal activity appear to be growing.
- FATF is reviewing whether specific guidance for cryptoassets is necessary in its Standards.
The group's full report has been delayed until October.
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