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Compliance That Makes Sense

Nov 20, 2023

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. 


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