Europol analyst: FATF guidance or lead to resource allocation to focus on low-risk transactions, thereby harming crime prevention

According to CoinDesk, recently, in response to the “FATF's forthcoming cryptocurrency regulatory guidance”, Europol strategist Jarek Jakubcek said that in most cases, the private sector cannot determine the non-reasonable situation. The owner of the managed tube wallet. Therefore, it is futile to order companies to do something they cannot do. Identifying transaction information may also involve limiting user privacy and allowing companies to exchange sensitive personally identifiable information (PII) with each other. Jakubcek also mentioned that most exchange-to-exchange transactions are not related to criminal activity. Therefore, redistributing compliance resources to such trading activities will shift the focus from tagging criminal transactions to focusing on low-risk transactions, which naturally hurts crime prevention. ”