Grey List
FATF (Financial Action Task Force)
FATF's role as global AML/CFT standard-setter, the 2019 VASP definition, the Travel Rule for crypto, grey-listing consequences, and the challenge of applying FATF standards to DeFi.
FATF Virtual Asset Guidance: The Anti-Money Laundering Rules That Every Jurisdiction Must Follow
FATF's Recommendation 15 and the Updated Guidance on Virtual Assets define the global AML/CFT framework for crypto — and FATF membership pressure is the single most powerful driver of national crypto AML legislation.