FATF Launches Review of Major Crypto-Service Jurisdictions

The Financial Action Task Force has launched a targeted review of jurisdictions with significant virtual-asset activity, seeking to identify gaps in the application of anti-money-laundering standards to crypto businesses. Initial results are scheduled for June 2027, with further findings due in October 2027. The intergovernmental body said it will use objective criteria to select jurisdictions, including their existing assessment status. The review will focus on places with materially important virtual asset service provider activity and build on the FATF’s assessment and follow-up processes. The organization has not disclosed which jurisdictions will be examined or how many will be included. The review was agreed at the FATF plenary held in Paris from October 28 to 30, 2026. The FATF said the process is intended to concentrate attention on major crypto-service markets. One report said the jurisdictions selected together account for about 97% of global virtual-asset activity; the FATF has not named the markets in scope. The initiative follows findings on the difference between adopting rules and supervising or enforcing them. In a July 2026 report, the FATF said 55 of 91...