Remove AML Remove NFTs Remove Travel Rule
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In the age of crypto, is FATF playing catch-up on Recommendation 16?

The Payments Association

As crypto reshapes finance, the FATF’s Travel Rule struggles to keep pacecan global regulators close the gap on illicit transactions? The Financial Action Task Force (FATF) has long been the global standard-setter for AML and CTF measures. Among its 40 Recommendations, Recommendation 16 (R.16) In 2019, the FATF extended R.16

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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring. It claims 50 million customers.