🔴The Financial Action Task Force (FATF) has approved the production of new reports focused on the mitigation of AML/CFT risks for "unhosted wallets" and peer-to-peer transactions. The reports are expected to be published by April of this year. "The United States appreciates the FATF’s efforts to prevent abuse of this critical industry," the Treasury said in a statement on the FATF plenary's outcomes on Friday. The FATF is an unelected, international body that drives global anti-money laundering and counter-terrorist financing legislation. Nations which deviate from FATF AML/CFT guidance are placed on black- and grey lists, cutting off access to global financial markets. 🔗 Learn more about FATF and its influence on Bitcoin: https://www.therage.co/meet-fatf-the-financial-bullies-me…