Fraud is real and so are the risks created by linking identity, transaction history and bitcoin ownership.
Privacy is the reasonable expectation that your personal life, your movements and your finances are not automatically open for inspection.
FATF’s new fraud roadmap calls for more data to be collected on more people and shared across more agencies.
We already know where this can lead:
- exchange breaches
- doxxed customers
- wealth linked to home addresses
- physical attacks
All involving people whose details were sitting in compliance databases.
You cannot leak what was never collected. Bigger databases do not stop criminals and more data does not equal greater safety. They create larger honeypots, with ordinary users often becoming the easiest targets.
Data collection is now set to expand under the UK’s FATF Presidency. I wrote about where this roadmap could lead for Forbes.
quotingIf it’s not “for the children,” it’s “national security.”
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FATF’s new roadmap calls for greater use of large datasets, real-time information sharing and closer cooperation between tech, telecoms and finance to tackle fraud.
Traditional finance already collects vast amounts of identity and transaction data and serious financial crime continues at scale.
The same approach is now being extended further, linking identity and financial activity across more systems.
This turns law-abiding citizens into targets for both increased surveillance and physical attacks.
My latest in Forbes.
https://www.forbes.com/sites/digital-assets/2026/07/02/fatfs-fraud-roadmap-expands-data-risks-and-global-surveillance/