FATF sounds alarm on crypto regulation gaps
ISLAMABAD:
The Financial Action Task Force (FATF) has warned of the risks of virtual assets being used for money laundering, terror financing and other illicit activities, and stressed the need for urgent global action.
The Paris-based global financial watchdog called on countries to take stronger action to combat illicit finance in crypto assets, warning that gaps in regulation could have global repercussions.
It said that progress has been made since 2024 in…
