The future of currency or a tool for criminals

The future of currency or a tool for criminals

In 1989, at a G7 meeting, the major world powers created the Financial Action Task Force. A global watchdog with the stated aim of combating money laundering and illicit funding. The G7 are now meeting again and the world has changed dramatically in the last decades. One of the top priorities for the FATF (Financial Action Task Force) is cryptocurrencies. This article will discuss these changes and what the future poses.


Money laundering and crypto: the future of digital currencies and tool for underground economies

11 Jun 2021 3 minute read 1 comment Wopney

  MONEY LAUNDERING AND CRYPTO Back in 1989, at a Group of Seven (G-7) Summit in Paris, the Financial Action Task Force was established. This new organization would be a global watchdog to spearhead the fight against money laundering and illicit fundi...