| Mobile Web

Search results for Financial Action Task Force

Crypto

Japan FSA raises concerns over crypto firms steering users to dealer model

Japan\'s Financial Services Agency has voiced concern that crypto firms may steer users toward the more profitable dealer model, and plans to examine whether trading screen layouts and guidance nudge customers into unfavorable choices. It said it discussed the issue with an industry body in July. The agency will continue talks based on firms\' legal duty to act fairly. It will also tighten face-to-face ID verification from April 2027 and urged compliance with FATF-related measures.

Crypto

Thailand expands crypto travel rule, mandates verification for self-custody wallets

Thailand is introducing a travel rule covering self-custody wallets to strengthen anti-money laundering measures for cryptocurrencies. The key change requires verification of wallet ownership or control even for transactions involving personal wallets that do not go through regulated operators such as exchanges. The Thai SEC has finalised risk management rules for transfers and receipts of digital assets, which take effect on Feb. 27 next year, giving operators about six months to prepare systems.

Crypto

FATF urges faster enforcement of crypto anti-money laundering rules amid rise in stablecoin crime

The Financial Action Task Force urged countries to speed up enforcement of crypto anti-money laundering standards, citing growing illicit finance using stablecoins. It said most on-chain criminal activity identified in its latest annual review involved dollar-pegged cryptocurrencies. FATF warned criminal networks increasingly use stablecoins to avoid asset freezes and seizures, with some developing their own stablecoins. It noted more jurisdictions have adopted the travel rule but many lag in supervision and enforcement.