FATF Flags Peer-to-Peer Stablecoin Transfers as Top Money Laundering Risk

In brief

• Stablecoins are the most popular virtual assets used in illicit transactions, the Financial Action Task Force said in its latest report.
• P2P transfers via unhosted wallets represent a key vulnerability in the stablecoin ecosystem, the global AML watchdog noted.
• The FATF recommends that…