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ARTICLE · 10 JULY 2025

FATF Issues AML/CFT Updates For VASPs

GTG Legal
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In June 2025, the Financial Action Task Force (FATF) published its sixth update on the global implementation of AML/CFT standards for virtual assets (VAs) and virtual asset service providers...

MaltaFinance and Banking
Karl Cauchi
Karl Cauchi

AML/CFT Updates

In June 2025, the Financial Action Task Force (FATF) published its sixth update on the global implementation of AML/CFT standards for virtual assets (VAs) and virtual asset service providers (VASPs) as a continuation of its efforts to bring more jurisdictions into compliance. This report is largely motivated by uneven adoption and rapid growth of crypto-related crime. The new report notes that, while many countries have now enacted AML/CFT rules for crypto, "jurisdictions continue to face challenges" in fully identifying and supervising VASPs. FATF emphasises that without consistent global standards, illicit use of VAs can quickly outpace regulation. This brings with it various implications, including:

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