Global Framework: FATF & The 40 Recommendations
KYC and AML frameworks across countries follow guidance from the Financial Action Task Force (FATF) and its 40 Recommendations on Combating Money Laundering and Terrorist Financing.
Following major geopolitical events such as 9/11, FATF updated its standards to include CFT policies. Today, FATF extends these recommendations to Virtual Asset Service Providers (VASPs), introducing compliance requirements like the Travel Rule to integrate digital assets securely into global finance.
