FATF launches special virtual asset AML control review

By Keith Nuthall

The Financial Action Task Force (FATF) has agreed to hasten the implementation of FATF dirty money standards on virtual assets (VAs) in jurisdictions with important VA activity. A communiqué released on 30 October 2026, following the global AML body's first plenary under the UK presidency of Giles Thomson, said that it "recognised the need to urgently strengthen countries' defences against the rising threat posed by the misuse of virtual assets for money laundering, terrorist financing and proliferation financing".