CFT Measures refer to Counter-Financing of Terrorism measures, which are policies and procedures designed to disrupt funding for terrorist activities. These measures often involve monitoring financial transactions, reporting suspicious activities, and freezing assets. In the digital asset space, they are applied to prevent cryptocurrencies from being used for illicit purposes. Their aim is to safeguard global financial stability.
Context
News concerning CFT Measures frequently addresses regulatory developments and enforcement actions impacting cryptocurrency exchanges and service providers. Governments worldwide are intensifying efforts to apply traditional financial regulations, including CFT, to digital assets. Compliance with these measures is a significant operational and legal challenge for many crypto businesses.
Cryptocurrency exchanges must fortify AML/CFT frameworks, integrating enhanced CDD, RBA, and robust transaction monitoring to align with evolving global standards.
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