FATF Identifies Illicit Finance Risks in Stablecoins and Cyber-Enabled Fraud
June 24, 2026
The Financial Action Task Force (FATF) recently published reports highlighting financial crime risks. One report focuses on the misuse of stablecoins, particularly through peer-to-peer transactions via unhosted wallets, and suggests ways for countries and the private sector to strengthen financial system controls. Another publication addresses cyber-enabled fraud, noting its status as a prevalent profit-driven crime generating substantial illicit funds globally.
Additional FATF publications include new guidance for enhancing worldwide efforts to recover criminal assets, covering aspects like modern financial investigations and safeguarding victim rights. The FATF also regularly updates documents related to jurisdictions with deficiencies in combating money laundering and terrorist financing, known as 'black and grey lists,' and offers research into emerging money laundering and terrorist financing trends.
Source: Publications · fatf-gafi.org
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