FATF finds global crypto AML failures

Anti-Money Laundering Technology Partner: Ripjar

Most jurisdictions permit virtual assets and services to operate, but fail to comply with measures to prevent grave abuses, the Financial Action Task Force has found. 

The intergovernmental anti-money laundering and terrorist financing watchdog highlighted that North Korea had stolen $1.2 billion in virtual assets since 2017, to evade sanctions and finance its nuclear weapons programme. Although the vast majority of terrorist financing still took place using fiat currency, ISIL, Al Qaeda and

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