FATF Releases Updated Guidance Calling For Stricter KYC/AML Rules

What happened? On Mar. 19, the Financial Action Task Force (FATF) released updated guidance on virtual assets (VAs) and virtual asset service providers (VASPs), recommending tighter KYC and AML measures as well as challenging the notion of what a VASP is. Previously, the guidance was published in June 2019, with the FATF in June 2020 […]