G-7 Must Lead in Implementing FATF Standards to Combat Illicit Crypto Flows

The Financial Action Task Force (FATF) has urged countries to implement its "travel rule" to combat illicit financial flows through crypto. 73% of countries are still non-compliant or only partially compliant with the watchdog's standards. G-7 countries must take the lead in fully and effectively implementing FATF's global standards to shut down lawless spaces.