# Financial Action Task Force

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/financial-action-task-force-company
Canonical HTML page: https://getlegalbrief.com/entity/financial-action-task-force-company

## Timeline

- **2026-08-16**: Study proposes 12 recommendations — Emon’s new study calls on federal agencies to adjust anti-terrorism financing measures to reduce financial and humanitarian derisking.
- **2026-08-13**: Travel Rule readiness announced — Bitazza and Sumsub announced completion of Travel Rule infrastructure ahead of Thailand SEC enforcement, via PRNewswire.
- **2025-10**: NSIRA flags audit bias risks — National Security and Intelligence Review Agency releases report finding a lack of rigour in CRA selection of charities for terrorism-financing audits.
- **2025**: Bitazza-Sumsub collaboration begins — Bitazza Thailand started working with Sumsub on customer verification, AML, and risk management.
- **2021**: Influential audit report co-authored — Anver Emon co-authors a report on audits of Muslim charities, flagging concerns about Canada Revenue Agency selection practices.

## Recent coverage (2 stories)

### Study Urges 12 Fixes to Anti-Terror Rules Hindering Muslim Charities
2026-08-16 16:11:08 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

A University of Toronto study argues Canada’s anti-terrorism financing controls produce humanitarian derisking and bias risks in CRA charity audits, and makes 12 recommendations to federal agencies. Legal and RegTech teams should assess administrative law, procedural fairness, and cross-border compliance implications.
Full story: https://getlegalbrief.com/story/legal-study-12-fixes-muslim-charities-derisking

### Thailand's Travel Rule: Bitazza Readies for SEC Enforcement Across 2,100+ VASPs
2026-08-13 20:55:34 · Sentiment: Positive · Impact: 6/10 · Sources: 2

Thailand's SEC is moving to enforce FATF-aligned Travel Rule later this year, requiring licensed digital asset brokers like Bitazza to exchange originator and beneficiary data. Bitazza says it has completed Travel Rule infrastructure through Sumsub, leveraging a directory of over 2,100 VASPs. Legal and compliance teams should assess data-sharing obligations, AML/CTF liabilities, and cross-border enforcement exposure before the deadline.
Full story: https://getlegalbrief.com/story/thailand-travel-rule-bitazza-sumsub-compliance

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