Richard Byworth: FATF oversight weakens global KYC and financial centers

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Parshwa Turakhiya

25.04.2026

Richard Byworth: FATF oversight weakens global KYC and financial centers — FATF actions threaten financial centers

Richard Byworth, Former CEO at Diginex / Eqonex, questions the effectiveness of current Know Your Customer (KYC) implementation. Byworth points out that the Financial Action Task Force (FATF), an international body, monitors compliance and has the authority to greylist or blacklist countries that do not conform to its standards, potentially leading to severe consequences for their financial centers.

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