🚨Financial action task force urges UK to improve AML activities in cryptocurrency sector

In a recently released report the Financial Action Task Force (FATF), an intergovernmental financial security body, urged the U.K. to step up efforts to monitor cryptocurrency transactions in order to prevent money laundering and the financing of terrorist activities. The report identified specific areas of the emerging industry including real estate agents and high value dealers that may not currently understand the risks associated with cryptocurrency transactions.

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