Closing the Loopholes: FATF Warns Incomplete Crypto Regulations Are Fueling Illicit Finance

While the institution recognized that most jurisdictions are working to apply its recommendations, others are lagging, allowing criminal groups to use digital assets for their illicit purposes. The FATF alerted to the misuse of stablecoins and the risks of offshore VASPs. Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action []