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VASPs: FATF calls on crypto firms to comply with ‘travel rule’

By Alisha Houlihan for AMLi

At the conclusion of a three-day summit in Paris on Friday, the Financial Action Task Force has said several countries failed to implement its standards for regulating cryptocurrencies and other digital assets.

As the FATF first recommended in 2018, more global cooperation was called for to fight the movement and concealment of cybercrime proceeds.

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