FATF discusses FinTech and RegTech

FATF has updated on recent discussions with the FinTech and RegTech sectors. It has recently focused on:

  • using digital IDs for CDD. Institutions increasingly use this, and discussions focused on whether there is any need for change or clarification in the FATF recommendations to support the practice; and
  • the regulatory landscape for crypto-assets. Participants stressed the importance of clarifying different definitions and the need for a global approach.