IOTA Foundation Endorses FATF’s Updated AML/CFT Standards

The IOTA Foundation has expressed its support for the Financial Action Task Force (FATF)’s revised Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards. The foundation advocates for industry-specific solutions over a blanket approach, arguing that non-face-to-face interactions should not be automatically flagged as high risk. In its recent announcement, the IOTA Foundation highlights its backing for the newly updated guidelines.