Tag Archives: FATF Report


The Real Reason FATF Ranked UK Highly in the Fight Against Money Laundering and Terrorism Financing

  By David Drake   Last month, the global watchdog, known as the Financial Action Task Force (FATF), released a report showing that digital currency exchanges in the UK are at a low risk of terrorist financing and money laundering. For most players in the cryptocurrency space, the report is an affirmation of the emerging threat that these challenges pose […]

FATF Report: UK Poses Low Risk for in Money Laundering and Terrorist Financing

  By David Drake   Global anti-money laundering policy maker, FATF (Financial Action Task Force), has noted a drop in risks relating to money laundering and terrorism financing in the UK cryptocurrency space. Even so, the agency has stated that there is nothing to suggest these activities occur on the crypto space but deems them an emerging risk. The report […]

How FATF’s Validation on UK Crypto Exchanges Could Boost Industry Growth

  By David Drake   Terrorist financing and money laundering are two major threats facing most financial institutions around the world. Where appropriate actions are not taken, these threats challenge the reliability and steadiness of financial institutions. Having recognized the enormity of these threats, the UK has taken measures to minimize their occurrence with a view of protecting its interests, […]

The Real Reason FATF Report Could Benefit UK’s Cryptocurrency Industry

  By David Drake   Concerns have been raised worldwide on the potential use of cryptocurrencies to finance terrorism and aid money laundering practises. This is because the technology underlying digital currencies is characterised by individual privacy through trading of pseudonymous and/or anonymous coins. Recent statistics by CipherTrace, a blockchain and cryptocurrency firm based in California, show an increase in […]