What Are the Primary Concerns of the FATF regarding ICOs and Cryptocurrencies?

The Financial Action Task Force (FATF) is primarily concerned with the potential use of cryptocurrencies and ICOs for money laundering (ML) and terrorist financing (TF). Their guidance focuses on requiring Virtual Asset Service Providers (VASPs), including many ICO issuers and exchanges, to implement robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls, including the "Travel Rule."