The Financial Action Task Force (FATF) released a targeted update on virtual assets and Virtual Asset Service Providers (VASPs) in 2024

The Financial Action Task Force (FATF) released a targeted update on virtual assets and Virtual Asset Service Providers (VASPs) in 2024. This update assesses global compliance with FATF standards, highlights emerging risks, and outlines necessary regulatory actions. The report emphasizes the need for countries to enhance regulatory frameworks, improve supervision, and ensure VASPs implement robust anti-money laundering and counter-terrorism financing measures.

For more detailed information, visit the FATF publication.