News & insights

FATF Status Report on Implementation of Recommendation 15 with VASPs

Written by Insight & Partnership Team | Mar 30, 2024 3:54:00 PM

Following a 12-month process of collecting and evaluating information from 58 countries representing a significant part of worldwide cryptoassets activity, FATF has developed a table to illustrate the emerging trends in the covered jurisdictions to effectively regulate VASPs.

The results highlight the progress made in implementing these recommendations, with a large majority of countries reporting to have enacted or being in the process of enacting licensing/registration regimes, requiring compliance with AML/CFT rules, as well as having taken supervisory or enforcement action against VASPs.