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Crypto, Financial Crime

FATF President calls on countries to ‘step-up’ efforts to regulate crypto sector and be ‘vigilant’ to risks posed by NFTs & DeFi

By Elizabeth Hearst for AMLi

The new President of the Financial Action Task Force (FATF) T. Raja Kumar has urged countries to “step-up” efforts to regulate the crypto-currency sector, in his first address to the G20. 

Speaking at the G20 Finance Ministers and Central Bank Governors’ Meeting in Bali, Indonesia, Mr Kumar promised FATF would “continue supporting the G20 in dealing with challenges facing the global economy. 

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