Financial Action Task Force Puns

At the conclusion of a plenary meeting of the FATF-GAFI, the task force has decided to remove Mauritius from the list of "Jurisdictions under increased monitoring", also known as the grey list. In February 2020, FATF put Mauritius on this list after noting some strategic deficiencies in our Anti Money Laundering mechanisms and measures to combat the financing of terrorism. As a result, the European Commission included Mauritius on their EU AML list of high-risk countries, also called the black list.

Just the data: https://trends.google.com/trends/explore?date=now%207-d&geo=US&q=%2Fm%2F062lxl,financial%20action%20task%20force

Speculation: I have been working with this type of trend data for years and it seems like... someone big in new york is getting hit with money laundering charges... led by the Financial Action Task Force.

https://www.fatf-gafi.org/publications/fatfrecommendations/documents/second-12-month-review-virtual-assets-vasps.html

• focus on implementing the current FATF Standards on virtual assets and VASPs, including through finalising the revised FATF Guidance on virtual assets and VASPs by November 2021;
• accelerate the implementation of the travel rule; and
• monitor the virtual asset and VASP sector, but not further revise the FATF Standards at this point in time (except to make a technical amendment regarding proliferation financing).

Implementations like the travel rule means all Virtual asset service providers (VASPs) would need to collect personal data on participants in transactions exceeding 1,000 USD/EUR. Sounds like they're really going for it this time.

Part of my financial freedom is to transact with anyone, anywhere, anytime I choose, without some financial institution in the middle blocking me or increasing the cost of my transaction, and without a central institution which can inflate the money supply and thereby devalue all our currency (which is the stored energy we accumulated through work).

That's why I use Bitcoin (Cash). A peer to peer electronic cash system

Join me, and let us build a freer world.

#Dash #Payments #Compliance #Privacy #fatf

https://blog.dash.org/dash-complies-with-the-financial-action-task-force-fatf-guidelines-including-the-travel-rule-a4c658efc89d