Since 2018, the international body has looked to define virtual assets and service providers in order to apply guidelines for anti-money laundering (AML) and combatting the financing of terrorism (CFT) to the crypto industry. In 2021, it published updated guidance for virtual asset service providers. Earlier this year, it said nearly half of the world’s jurisdictions still weren’t requiring crypto service providers to identify their customers properly.
Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged
