# Financial Action Task Force

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/financial-action-task-force-company
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## 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.
- **2026-08-16**: 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.
- **2025-10**: 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.
- **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 (5 stories, network-wide)

### Study Urges 12 Fixes to Anti-Terror Rules Hindering Muslim Charities
2026-08-16 16:11:08 · Sector: legal · 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

### 12 Anti-Terror Finance Fixes Target Bank De-risking of Muslim Charities
2026-08-16 16:10:58 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

The study highlights how Canada’s anti-terrorism financing controls create financial derisking as banks cut services to Muslim charities, reducing aid flows to high-risk corridors. Finance and markets professionals should watch for changes to CRA audit practices, bank compliance expectations, and cross-border payment risk models.
Full story: https://getfinancebrief.com/story/finance-12-fixes-bank-derisking-muslim-charities

### Thailand's Travel Rule: Bitazza Readies for SEC Enforcement Across 2,100+ VASPs
2026-08-13 20:55:34 · Sector: legal · 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

### Thailand SEC Travel Rule to Cover 2,100+ VASPs as Bitazza Readies
2026-08-13 20:55:28 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 2

Thailand's financial regulator is set to enforce a FATF-aligned Travel Rule, reshaping compliance costs and operational risk for digital asset brokers. Bitazza's announced readiness via Sumsub—with access to more than 2,100 VASPs—offers an early signal of how capitalized intermediaries are handling the transition. Investors should watch for enforcement scope, threshold rules, and potential market consolidation among smaller VASPs.
Full story: https://getfinancebrief.com/story/thailand-travel-rule-finance-bitazza-sumsub

### Thai Travel Rule: Bitazza Links to 2,100+ VASPs Ahead of SEC Deadline
2026-08-13 20:55:19 · Sector: crypto · Sentiment: Positive · Impact: 6/10 · Sources: 2

Thailand's SEC is nearing enforcement of a FATF-aligned Travel Rule, which will require crypto exchanges and brokers to share sender/recipient data on qualifying transfers. Bitazza says it has completed infrastructure with Sumsub and can exchange data across a network of over 2,100 VASPs. For crypto users and platform operators, this signals tighter KYC/AML flows and cross-border transaction traceability.
Full story: https://getcryptobrief.com/story/thailand-travel-rule-crypto-bitazza-sumsub

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