Lesson 1 / 7 · 9 min · take your time
FATF is a standard, not a license
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FATF is a standard, not a license
The Financial Action Task Force is an intergovernmental body that writes anti-money-laundering standards. People say FATF the way they say “the weather.” Nominative: FATF stays with that body. It is not a . It is not a badge this classroom prints. It is not “Paris said buy.”
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The Financial Action Task Force is an intergovernmental body that writes anti-money-laundering standards. People say FATF the way they say “the weather.” Nominative: FATF stays with that body. It is not a . It is not a badge this classroom prints. It is not “Paris said buy.”
Recommendation 15 is the usual classroom name for the virtual-asset standard: a country is asked to assess risk and to license or register virtual asset service providers — VASPs — for AML purposes. A VASP in FATF-speak is a person who as a business exchanges, transfers, safekeeps, or issues virtual assets. That is a definition in a standard. It is not a license number on a wall.
Grey lists and black lists you will hear in headlines are AML mutual-evaluation stories. They are not a grade of bitcoin. They are not a reason on a teaching coin must fall, or must not. Mixing a list with a is how a press conference becomes a personality.
Human: if a landing page shouts “FATF compliant” without a country, a statute, and a register you can type, it is wearing a standard as a costume. Laugh once. Then look the shop up on that country’s own site. Passing this path is not a VASP file. Look. Do not buy. Not a lawyer.
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