Global money laundering watchdog puts crypto in its sights

The Financial Action Task Force (FATF)  wants crypto exchanges to share the information of users with each other, whenever funds are transferred between firms, to curtain a growing number of illicit activities stemming under the guise of the global cryptocurrency industry. The Paris-based  organisation wants cryptocurrency operators to establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity, and develop risk-based programs, among others.  Countries will also be compelled to register and supervi...