Who Is FATF—And Why It Matters More Than Any RegulatorBorn in 1989, the Financial Action Task Force (FATF) is the de-facto global rule-maker for anti-money-laundering (AML) and counter-terrorist-financing (CTF). Its 39 member jurisdictions don’t carry guns or badges, yet they can isolate an entire country from the global financial grid. For crypto, the key scripture is Recommendation 15 (R.15), updated in 2019 to rope virtual assets (VAs) and virtual-asset service providers (VASPs) into the s...

Who Is FATF—And Why It Matters More Than Any RegulatorBorn in 1989, the Financial Action Task Force (FATF) is the de-facto global rule-maker for anti-money-laundering (AML) and counter-terrorist-financing (CTF). Its 39 member jurisdictions don’t carry guns or badges, yet they can isolate an entire country from the global financial grid. For crypto, the key scripture is Recommendation 15 (R.15), updated in 2019 to rope virtual assets (VAs) and virtual-asset service providers (VASPs) into the s...