FATF urges stronger global action against illicit finance in crypto assets
28th June 2025 – (Paris) The Financial Action Task Force (FATF), an international financial crime monitoring body, issued a call on Thursday for nations to enhance efforts in combating illicit finance within cryptocurrency assets, cautioning that regulatory gaps could have widespread implications. Based in Paris, the FATF highlighted that while advancements have been achieved in regulating virtual assets since 2024, numerous jurisdictions still need to bolster their measures to address associated risks.
As of April 2025, only 40 out of 138 assessed jurisdictions were deemed “largely compliant” with FATF’s crypto standards, marking an increase from 32 in the previous year. Given the…
