FATF: The United States basically meets the revised standards of the relevant virtual currency AML / CTF

The Financial Action Task Force (FATF) released on Tuesday an assessment of the United States' compliance with its banking rules and laws and regulations related to digital assets and other areas. But this is not to say that the United States fully complies with current new technology standards, what FATF calls "Recommendation 15". As the most powerful member of the FATF global financial crime network, the United States still has "small flaws".

The FATF said that U.S. regulators' investigation into the convertible virtual currency (CVC) business is also lagging. Their strategy “does not explicitly identify high-risk virtual asset service providers” (VASP), which leaves them with insufficient scrutiny of high-capacity exchanges and peer-to-peer networks. Legislative gaps may also allow very special VASP activities to evade inspection and enforcement. Nevertheless, FATF praised the recent efforts of US regulators in the field of virtual assets, especially the guidance document issued by the Financial Crimes Enforcement Network (FinCEN) on CVC activities in May 2019.