The Financial Action Task Force (FATF) calls for stronger global action on virtual asset supervision and compliance

The Financial Action Task Force (FATF) calls for stronger global action on virtual asset supervision and compliance

Report

The Financial Action Task Force (FATF) calls for stronger global action on virtual asset supervision and compliance

By Financial Action Task Force

FATF published its sixth update on AML measures for virtual assets, highlighting the urgent need for stronger global action against illicit finance risks. The report reveals concerning trends, including North Korea's $1.46 billion theft from ByBit (only 3.8% recovered), approximately $51 billion in fraud-related illicit activity in 2024, and increased criminal use of stablecoins.

  • Use cases, geography and tags
  • Organizations that created, adopted or are mentioned
  • Ecosystem position
  • Link to the original asset
  • Comments and reactions