The Financial Action Task Force (FATF) is an international body founded with the aim of enhancing global financial security and improving industry standards. However, in this episode, I share why I believe many of the actions that the FATF has taken are negatively impacting the FinTech space.
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Today's episode:
[00:37] An overview of today’s episode.
[01:04] The mission of the Financial Action Task Force (FATF).
[01:43] How the FATF works.
[02:01] Problems with the FATF.
[02:51] How the FATF has impacted de-risking within the banking system.
[04:55] Why I disagree with the way the FATF guidelines segment industries.
[06:29] An explanation of how the FATF travel rule works.
[08:22] Consequences of the FATF’s warnings about decentralized finance.
[09:55] Examples of the biases held by the FATF.
[14:28] Inconsistencies in the way the FATF assigns risk to different countries.
[15:50] Other elements of the FATF that I believe are problematic.
Show links:
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