Targeted Review of Virtual Asset Standards… FATF to Release First Results in June 2027

FATF announced on October 30 at its plenary session in Paris that it will conduct a targeted review of how countries implement its anti-money laundering standards for virtual assets and virtual asset service providers (VASPs), with initial results to be published in June 2027 and additional findings in October 2027. The review, unveiled during the 35th FATF General Assembly's first plenary (held October 28-30, with the broader meeting October 26-30), will prioritize countries with significant virtual asset activity, applying objective criteria including their existing assessment status. Korea's Financial Intelligence Unit attended the assembly alongside the Ministry of Justice, Ministry of Foreign Affairs, Financial Supervisory Service, and Korea Institute of Finance. The move signals FATF's intent to close implementation gaps in its crypto AML framework and accelerate follow-up procedures, raising compliance pressure on VASPs globally. Watch for the June 2027 initial findings and how jurisdictions with major crypto markets respond ahead of publication.