ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Europe

FATF calls on countries, businesses to limit risks of cryptocurrencies

Paris [France], November 16 (ANI): Financial Action Task Force (FATF) Executive Secretary David Lewis on Monday emphasised that the private sector is the first line of defence against money laundering and terrorist financing.

ANI Nov 16, 2020 18:02 IST googleads

Representative image

Paris [France], November 16 (ANI): Financial Action Task Force (FATF) Executive Secretary David Lewis on Monday emphasised that the private sector is the first line of defence against money laundering and terrorist financing.
In opening remarks at the Virtual Asset Service Providers (VASPs) Summit, called V20, Lewis called on countries and businesses to take action to limit the risks of cryptocurrencies.
"VASPs can move quickly between jurisdictions. The FATF will not tolerate jurisdictions leaving loopholes in VASP regulations that criminals can exploit. We assess countries against global standards and will not shy away from identifying those who expose financial systems to risks," FATF said Executive Secretary David Lewis.
V20 drives collaboration between government regulators and industry, to deliver a coordinated response to the updated standards proposed by the global financial watchdog FATF.
Last year's inaugural V20 Summit was held in Osaka, Japan. (ANI)

Get the App

What to Read Next

Asia

MEA hosts farewell dinner for Indonesia's Ambassador to India

MEA hosts farewell dinner for Indonesia's Ambassador to India

Ministry of External Affairs Secretary (East) P Kumaran on Wednesday bid farewell to Indonesia's Ambassador, Ina Krisnamurthi, at a dinner attended by ASEAN country heads.

Read More
Asia

WUC condemns racist attacks on Japanese minister by Chinese media

WUC condemns racist attacks on Japanese minister by Chinese media

The World Uyghur Congress (WUC) has strongly condemned what it described as racist and defamatory remarks made by Chinese media outlets against Japanese Parliamentary Vice-Minister for Foreign Affairs Arfiya Eri, calling the incident an example of discrimination and transnational intimidation targeting Uyghurs.

Read More
Asia

'Important that Maldives starts talking with friends like India'

'Important that Maldives starts talking with friends like India'

Speaking with ANI, she called for South Asian nations to "talk as one" and collaborate with partners like India to maintain regional stability, moving away from insular foreign policy slogans.

Read More
Europe

RSKS highlights India’s progress on child protection at UNHRC

RSKS highlights India’s progress on child protection at UNHRC

In her remarks, Majid stated that every child, regardless of birthplace, deserves safety, dignity and opportunity. She pointed out that violence against children remains a global concern, with more than half of the world's children experiencing some form of violence each year. Such violence, she noted, not only threatens children's physical safety but also affects their emotional well-being, education and long-term development.

Read More
Europe

Sibi George meets with Secy General ITU Bogdan-Martin

Sibi George meets with Secy General ITU Bogdan-Martin

Ambassador Sibi George, Secretary (West) met with Secretary General of the International Telecommunication Union Doreen Bogdan-Martin to "discuss global cooperation on inclusive digital infrastructure."

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.