FATF: Creating Gold Standards and Paper Realities?

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Manage episode 231641031 series 60599
By Around The Coin - The Premier Fintech Podcast and Faisal Khan Brian Roemmele Mike Townsend. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
This show focuses on the FATF, the Financial Action Task Force. We discuss why the organization – that remains unknown to many finance and payments professionals and even to AML/CFT compliance specialists, is so powerful and important. We discuss the basics: why was it created? What are FATF’s goals? What are the down sides or unintended consequences of the standards it sets? We discuss the effects of non-compliance on countries and the inner workings of the mutual evaluation process that countries go through. Finally, we touch upon the questions of political influence, organizational overreach and even bullying through FATF decision making. Sponsors: Otter Labs www.hireotter.com - Hire great and inexpensive developer with staff augmentation through Otter. Redeeem https://redeeem.click/qdza - Redeeem is a decentralized peer-to-peer exchange that lets you save 15% or more on gift cards using Bitcoin and other cryptocurrencies.

225 episodes