FATF publishes targeted update on implementation of the FATF standards on Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs)

FATF’s report finds that while some jurisdictions have made progress in putting AML/CFT regulation in place, global implementation is still lagging. There are several governments which have yet to take any significant steps to regulate the sector, and these countries need to prioritise implementing the Standards in full as a matter of urgency.