Blockchain Association: The FATF should consider a new basis for achieving financial / anti-terrorism protection goals.

According to media reports, the Blockchain Association sent a letter to the Financial Services Commission (FATF) in response to its latest proposal on tackling commercial fraud. The Blockchain organization is concerned that the information to deal with these risks is not working. At the same time, if used by FATF members in the state, the Guidelines would almost certainly prevent legal implications and reform of the financial system. The organization and its members plan to support the Special Financial Action Organization against Money Laundering and other organizations involved in developing new procedures to combat the illegal use of virtual assets and financial markets. . To this end, the Association has established a Financial Prevention / Financial Terrorism Prevention Working Group headed by Attorney General Jaikumar Ramaswamy and General Counsel Rebecca Rettig Aave.