According to ChainCatcher, as reported by Cointelegraph, the Financial Action Task Force (FATF) announced that it will launch targeted anti-money laundering reviews of jurisdictions with significant levels of crypto activity to address gaps in countries’ implementation of global AML standards.

FATF said the reviews will primarily target jurisdictions where virtual asset service provider activity is “materially significant,” and will take into account their existing assessment status. The organization said regular assessments and follow-up procedures will remain the main tools for evaluating compliance.

The review schedule shows that initial findings will be published in June 2027, with further results released in October 2027. FATF also said the reviews will be followed by monitoring and faster reporting mechanisms to track jurisdictions’ progress in addressing deficiencies. FATF did not disclose the names of the jurisdictions under review or how many would be included.

This review continues to highlight the issues identified in the FATF report published in July this year. The report found that 83% of the jurisdictions surveyed had enacted Travel Rule legislation, but significant enforcement gaps remain: of the 91 jurisdictions that had established Travel Rule requirements, 55 had not taken supervisory or enforcement action to ensure compliance. Regulators also face difficulties identifying unlicensed crypto businesses and overseeing overseas providers that serve local customers. The Travel Rule requires crypto service providers to share information about the sender and recipient of transfers.