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The working group of the financial event called on governments around the world to intensify the enforcement of standards against money laundering in the crypt, warning that uncontrolled gaps in regulation could undermine global financial security.
In a message The global watchdog, which was released from Paris on Thursday, said that jurisdiction has made progress since 2024 about the implementation of frames against money laundering and anti -terrorism for virtual assets and related service providers.
However, he noted that the critical challenges remain, especially in the area of licensing, supervision of the sea and identifying entities involved in the services of virtual assets.
The latest targeted FATF update focused on the recommendation 15, which was extended in 2019 by crypto markets.
With virtual assets, regulatory failures in one jurisdiction may have global consequences.
Read more in a targeted update of FATF standards on virtual assets and VASP:https://t.co/gt5pynu6y#Fatf #Illitityfinance #Travelrule pic.twitter.com/hglyq6hnem
– Fatf (@fatfnews) June 26, 2025
The flags of the guard dog growing abuse of stablecoin according to illegal networks, urges regulatory measures
According to the report, 99 jurisdictions have either enacted or prepare legislation in accordance with the “travel rule”, a key mechanism for ensuring transparency in cross -border crypt transmissions. FATF has also released a new guide, which presents proven procedures for supervision of compliance with the rule.
Report of the flag of the growing threat associated with the rise of stablecoins. He said that their use of illegal actors, including hackers bound to North Korea, financiers of terroristics and drug traders, grew significantly. It warned that the adoption of mass stablecoin without coordinated regulation can increase the global exposure to illicit funding.
Record theft of North Korea’s crypt reveals weak ties in global recovery
The update follows a number of alarming trends. So far this year, North Korea did what FATF described as the greatest theft of virtual assets in history, Theft of 1,46 B $ from the platform bybitit.
Only about 3.8% of stolen funds were obtained. This points to serious gaps in the effort to trace and efforts to recover asset.
Meanwhile, fraud and fraud continue to be a crypto sector. The FATF estimate estimates that last year, approximately $ 51 was associated with such an illegal activity in the chain transactions. These cases point to increasingly sophisticated tactics of bad actors. As a result, governments are under increasing pressure to increase cooperation and improve asset attack mechanisms.
In one example Operation of the United Kingdom of destabilization They have shown how the coordinated enforcement of the right can disrupt the crypto-inal criminal network. FATF said that such an effort must be replicated globally and supported by more robust supervision and enforcement.
The watchdog recognized the support of analytical companies, including chainsalysis, Lukka, Merkle Science and TrM Labs in the compilation of the update. He also stressed that almost 98% of the global virtual assets market is concentrated in the Yurisdictions in the FATF global network. It is reported that these players will be the key to reducing worldwide risk.
Contribution Global Watchdog invites nations to intensify cryptocurrencies He appeared for the first time Cryptonews.
