FATF/GAFILAT pushes Central and South American countries to regulate institutions that offer virtual-asset services. If you are one of those institutions, Walpulse can become an important ally — delivering verifiable signals that give you on-chain intelligence.
The FATF (Financial Action Task Force; GAFI in Spanish) sets the global AML standard. It publishes 40 Recommendations that do not become a treaty a country “signs and is done.” Each country must adhere politically and transpose them into local law and supervision. In this region the main vehicle is GAFILAT (18 members that adhere to the 40 Recommendations).
Among those 40, five recommendations focus specifically on virtual assets, and several countries have adopted them in local legislation applying to institutions that offer services linked to those assets.
Almost all of Central and South America accepts the 40 Recommendations via GAFILAT or CFATF. That is not the same as an operating crypto regime with licensing, supervision, and enforcement for virtual-asset service providers.
The 40 cover risk, prevention, transparency, and supervision. For virtual assets the core is:
The country and obliged entities identify and mitigate ML/TF risks proportionally
Identify the customer and beneficial owner; enhanced diligence if risk is high
Specific VA / VASP standard: license or register, preventive measures, Travel Rule
Basis of the Travel Rule: originator and beneficiary travel with VASP-to-VASP transfers
The institution reports to the local financial-intelligence unit
| Rec. | Short title | What it requires in crypto |
|---|---|---|
| R.1 | Risk-based approach | The country and obliged entities identify and mitigate ML/TF risks proportionally |
| R.10 | Customer due diligence (CDD / KYC) | Identify the customer and beneficial owner; enhanced diligence if risk is high |
| R.15 | New technologies + virtual assets | Specific VA / VASP standard: license or register, preventive measures, Travel Rule |
| R.16 | Wire transfers | Basis of the Travel Rule: originator and beneficiary travel with VASP-to-VASP transfers |
| R.20 | Suspicious transaction reporting | The institution reports to the local financial-intelligence unit |
Walpulse offers wallet analysis (Basic / Standard / Expert) with verifiable on-chain signals and a client-parametrizable Risk Engine. For an institution under a FATF framework, that supplies concrete evidence for the risk-based approach, source-of-funds analysis, and activity monitoring.
| FATF requirement on country / institution | Does Walpulse fulfill it? | How it can help |
|---|---|---|
| R.1 / R.15 risk-based approach | Support | A–F grades, breakdown, client 0–100 Risk Engine |
| Source of funds | Strong | Origins (categories, concentration, mixer/OFAC as signal, hops by tier) |
| Activity profile / ongoing monitoring | Good | Activity + Multichain; wash / circular / bot-like / mixing as signal |
Walpulse signals strengthen the risk-based approach, source of funds, and ongoing monitoring that FATF / GAFILAT expect in your framework. We do not offer services related to VASP licensing, KYC, or Travel Rule.
Hover (or tap on mobile) a country to see the 2026 crypto / AML regime.
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Classification
Under increased monitoring in this geography: Bolivia, Venezuela, and Haiti (Caribbean). Grey list ≠ “does not accept FATF”: it is the opposite — the country committed to an action plan because the regime (in general, not only crypto) has strategic deficiencies.
