160 - Innovation Behind Bars: How FATF Actions Restrain FinTech Culture

<p dir="ltr">The Financial Action Task Force (FATF) is an international body founded with the aim of enhancing global financial security and improving industry standards. However, in this episode, I share why I believe many of the actions that the FATF has taken are negatively impacting the FinTech space. </p> <p dir="ltr">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531">click here to review</a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[00:37] An overview of today’s episode.</p> <p dir="ltr">[01:04] The mission of the Financial Action Task Force (FATF).</p> <p dir="ltr">[01:43] How the FATF works. </p> <p dir="ltr">[02:01] Problems with the FATF. </p> <p dir="ltr">[02:51] How the FATF has impacted de-risking within the banking system. </p> <p dir="ltr">[04:55] Why I disagree with the way the FATF guidelines segment industries. </p> <p dir="ltr">[06:29] An explanation of how the FATF travel rule works. </p> <p dir="ltr">[08:22] Consequences of the FATF’s warnings about decentralized finance. </p> <p dir="ltr">[09:55] Examples of the biases held by the FATF. </p> <p dir="ltr">[14:28] Inconsistencies in the way the FATF assigns risk to different countries.  </p> <p dir="ltr">[15:50] Other elements of the FATF that I believe are problematic. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Show links:</strong></p> <ul> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>Interested in FinTech compliance? - consider investing in the <a href= "https://yana-afanasieva.mykajabi.com/offers/Xhz4DQ