Finance

Solutions proposal by the INATBA Finance Working Group   The Financial Action Task Force (FATF) is an inter-governmental body that has acted as the global money laundering and terrorist financing (ML/TF) watchdog for over 30 years. FATF, which features over 200 jurisdiction and policy making organizations, sets international standards that aim to prevent these illegal…

INATBA’s initial response on the AMLR was issued in March 2022. It featured three key obstacles for the proliferation of crypto assets set forth by the texts of the AML Package, and it focused primarily on the Transfer of Funds Regulation (TOFR) – more commonly known as the Travel Rule – which inscribes the Consumer…