The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, the U.S. is only “largely compliant” with FATF regulations on cryptocurrencies and virtual assets.
The assessment considered the degree of compliance of the national legislation to recommendations issued by FATF, an international regulatory standard body. Recommendation 15, dealing specifically with cryptocurrencies, is among the most discussed issues in the report.
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