The Financial Action Task Force (FATF) is an international body founded with the aim of enhancing global financial security and improving industry standards. However, in this episode, I share why I believe many of the actions that the FATF has taken are negatively impacting the FinTech space. 

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Today’s episode:

• [00:37] An overview of today’s episode.
• [01:04] The mission of the Financial Action Task Force (FATF).
• [01:43] How the FATF works. 
• [02:01] Problems with the FATF. 
• [02:51] How the FATF has impacted de-risking within the banking system. 
• [04:55] Why I disagree with the way the FATF guidelines segment industries. 
• [06:29] An explanation of how the FATF travel rule works. 
• [08:22] Consequences of the FATF’s warnings about decentralized finance. 
• [09:55] Examples of the biases held by the FATF. 
• [14:28] Inconsistencies in the way the FATF assigns risk to different countries.  
• [15:50] Other elements of the FATF that I believe are problematic. 

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