Japan to Check Money Laundering Policies of Crypto Exchanges Ahead of FATF Inspection

Cointelegraph

Published May 22, 2019 09:30PM ET

Updated May 22, 2019 09:42PM ET

Japan to Check Money Laundering Policies of Crypto Exchanges Ahead of FATF Inspection

Japan’s Financial Services Agency (FSA) is reportedly cracking down on crypto exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Financial Action Task Force (FATF) this fall. Nikkei Asian Review reported the development on May 22.

The FATF will reportedly send its investigatory arm to review the strength of the Japanese FSA’s anti-money laundering (AML) policies, which includes policy for crypto exchanges and other financial services.

Continue Reading on Coin Telegraph