FATF Grades U.S. Government on Crypto Regulation Enforcement
Source Node:
https://insidebitcoins.com/news/fatf-grades-u-s-government-on-crypto-regulation-enforcement/256607
The Financial Action Task Force, one of the most prominent Anti-Money Laundering (AML) enforcers in the world, has called out the United States government for being lax on policy enforcement. On March 31, the body published a report in which it explained that the United States is only “largely compliant” with its AML and Counter-Terrorist Financing (CTF) regulations – especially when it comes to the issue of virtual currencies. Higher Awareness is Good, but Loophole Still Exist In the report, the FATF outlined the United States’ degree of compliance with the recommendations it issued last