Publications

This report updates and complements the FATF’s previous analysis of Decentralised Finance (DeFi), as set out in the FATF's 2021 Updated Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), in light of the sector’s substantial expansion and evolution since the publication of that guidance.

In its seventh targeted update on the global implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures to virtual assets (VA) and virtual asset service providers (VASPs), FATF highlights where stronger action is needed to safeguard the integrity of the international financial system.

A new report from the Financial Action Task Force (FATF) highlights illicit finance risks linked to criminals' misuse of stablecoins, particularly through peer-to-peer (P2P) transactions via unhosted wallets, and sets out recommended actions for countries and the private sector to strengthen controls to protect the integrity of the financial system.