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International AML Task Force to Close “Gaps” Created by Virtual Currencies - 4 BTC News
The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to combat anti-money laundering (AML), may be about to agree with a set of standards to apply to virtual currencies. President Marshall Billingslea is optimistic that the discussions scheduled for October will result in a revised AML methodology. Cryptocurrencies Force Governments to Revise Anti-Money Laundering Standards Significant progress has been made in past weeks as the task force is dedicated to finding a consensus across nations on what was declared a matter of urgency by the G20. Soon, all nations will close the