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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2019-09-11      浏览次数:240次
Financial Action Task Force Keeping Tabs on Libra


https://www.pymnts.com/cryptocurrency/2019/libra-faces-strict-standards-prevent-money-laundering-terrorism-financing/

 

The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is closely watching the development of Facebook’s planned cryptocurrency, Libra, according to a report by Reuters.

Xiangmin Liu, the president of FATF, said: “We want to make sure that if there are significant risks, they need to be addressed.”

The Facebook cryptocurrency could be launched as early as next year, and regulators and lawmakers around the globe are skeptical about it due to concerns over money laundering and the effect it could have on the existing global financial system.

A senior U.S. Treasury official said Libra must meet the highest standards for AML properties and have safeguards against funding terrorism.

When Facebook announced Libra, it shined a new light on crypto and its regulation protocols, especially since it is a global currency and rules vary from country to country.

In June, the FATF urged countries to closely examine cryptocurrency exchanges and the rules that govern them. Liu warned that illegal use of cryptocurrency is growing.

“The anonymity afforded by virtual assets is being exploited by serious criminals,” Liu said. “These activities are likely to be growing quickly, as law enforcement agencies are only seeing the tip of the iceberg.”

The way cryptocurrency is traded, Liu said, is hard to enforce in terms of illegal activity.

“We have talked about finding suspicious activity as being like finding a needle in a haystack,” he said. “Well, that haystack is getting bigger and bigger, and is moving all the time.”

Libra is Geneva-based, and U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S. will be required to comply with regulatory standards to prevent money laundering and terrorism financing.

“Whether it’s bitcoin, Ethereum, Libra, our message is the same to all of these companies: Anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go,” she said.