The FATFs Targeted Report on Stablecoins and Unhosted Wallets

A new report from the Financial Action Task Force highlights illicit finance risks linked to criminals' misuse of stablecoins, particularly through peer-to-peer transactions via unhosted wallets, and sets out recommended actions to strengthen controls to protect the integrity of the financial system. The report highlights that the majority of ML/TF involving digital assets involves stablecoins, being the most popular digital asset for illicit transactions, particularly in the secondary market.... By: Walkers