By Staff Reporters
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The Basel AML Index, an annual survey published by the International Centre for Asset Recovery (ICAR) at the Basel Institute of Governance, found that countries are not keeping up with “the evolving financial crimes risk of new technologies,” especially crypto and other digital assets.
Citing Financial Action Task Force (FATF) data covering six years from 2017 to 2023, the report found that only 43% of global jurisdictions surveyed are in technical compliance with international standards for crypto anti-money laundering (AML) measures.
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Filed under: Health Economics, Information Technology, Investing | Tagged: AML, anti money laundering, Basel AML Index, Basel Institute Governance, crypto, FATC, Financial Action Task Force, ICAR, International Centre Asset Recovery | Leave a comment »