i-law

Money Laundering Bulletin

FATF warns dirty peer-to-peer transactions using stablecoins are slipping though AML/CFT net

The Financial Action Task Force (FATF) has released new guidance on how stablecoins present a major and growing dirty money movement risk, one that can bypass standard AML/CFT controls through abusing unhosted wallets in peer-to-peer (P2P) transactions.

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