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The Financial Action Task Force (FATF) has called for urgent international action to combat rising crypto-related crime. In its latest report, the watchdog highlighted that only 40 out of 135 countries are effectively enforcing anti-money laundering standards for virtual assets. The FATF expressed concern over the surge in illicit activity involving stablecoins, which accounted for over 60% of flagged transactions. It also cited North Korea-linked hacks and scams like deepfake fraud and pig butchering as growing threats. The organization warned that weak and inconsistent regulations are undermining global financial security and urged swift regulatory alignment.
Source: https://www.casinonewsdaily.com/blo...rackdown-on-crypto-crime-and-weak-regulation/
Source: https://www.casinonewsdaily.com/blo...rackdown-on-crypto-crime-and-weak-regulation/