DUE DILIGENCE & DYOR Do you know about your countries FATF membership & the implications?

DUE DILIGENCE & DYOR Do you know about your countries FATF membership? & the upcoming financial recommendations that your Government has committed to adopting.

There are 37 member countries of the FATF as listed below, + additional Associate members :- MEMBERS

Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, European Commission, Finland, France, Germany, Greece, Gulf Co-operation Council, Hong Kong, China, Iceland, India, Ireland, Israel, Italy, Japan, Republic of Korea, Luxembourg, Malaysia, Mexico, Netherlands-Kingdom of, New Zealand, Norway, Portugal, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States

The USA, UK, Canada & Germany have already seen changes being made by our governments which have affected our FIAT / Crypto freedoms, i.e. an exchanges ceasing to trade in our country, (BYBIT & binance withdrawal from Ontario Canada), suspensions of bank & card transfer gateways, increased requirements for KYC, increased transaction transparency requirements, (multiple countrys) etc. etc.

Adherence to FATF guidelines is the reason your Government is, & will continue making these changes. All done under the title of "anti money laundering, anti terrorism, & global financial stability", which no-coiner isn't going to buy into that as a good idea eh?

It is nothing to do with your local VASP / exchange, they're just following the rules of your country, and more guidance is due out in October.
A fellow redditor who advises on FATF obligations put this post together to try and break the recommendations down into a more easily understandable format.

LINK TO HIS POST

So, if you're in the crypto space, & especially if you ever need to get your currency out into FIAT in one of the country's listed then do your DD & read the linked post above. Whilst your DEX may be unregulated due to it being decentralised, any financial institutions such as banks, payment gateways, and VASP's (exchanges) located in your country are bound by your governments regulations as it enforces them.

Still think this is not facts? Then you can wade through the full Financial Action Task Force website here & draw your own conclusions:- fatf website