Global crypto compliance scrutiny is intensifying as the Financial Action Task Force starts a targeted review of jurisdictions with significant virtual asset activity. The exercise is set to examine gaps in how governments apply anti-money laundering standards, with initial findings due in June 2027 and further results in October 2027.
Highlights
- FATF launches a review focusing on jurisdictions with materially important virtual asset service provider activity, without disclosing names or numbers included.
- 83% of surveyed jurisdictions have adopted crypto Travel Rule legislation, but 55 out of 91 with such laws have not taken supervisory or enforcement action.
- FATF will follow up the review with monitoring and faster reporting to track progress on anti-money laundering deficiencies in key crypto hubs.
Review targets key crypto jurisdictions
As reported by Cointelegraph, citing the Financial Action Task Force, the review focuses primarily on jurisdictions with "materially important" virtual asset service provider activity, while taking their existing assessment status into account. The intergovernmental watchdog says its regular assessments and follow-up procedures remain its main tools for evaluating compliance.The FATF does not name the jurisdictions under review or say how many may be included. It says the exercise will be followed by monitoring and faster reporting to track progress in addressing identified deficiencies.
Enforcement gaps remain across crypto sector
The move follows a FATF report from July that shows 83% of surveyed jurisdictions have adopted crypto Travel Rule legislation, but enforcement gaps persist. According to that report, 55 of the 91 jurisdictions with Travel Rule laws have yet to take supervisory or enforcement action over compliance.Authorities also continue to face difficulties identifying unlicensed crypto businesses and overseeing providers serving local customers from overseas. The Travel Rule requires crypto service providers to share information about the sender and recipient of transfers, making it a central part of global efforts to tighten anti-money laundering controls in the sector.
In our earlier article on Menara Asia’s launch of the Menarabena platform, we covered how the company aims to digitalise Malaysia’s construction supply chain by linking contractors with building material suppliers while centralising certification, documentation and compliance data. We also noted its cooperation with CIDB-linked stakeholders to streamline approval and product certification processes, positioning compliance transparency as a core feature rather than a replacement for existing regulatory requirements.
Latest Cryptoreg News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
