- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
FATF warns: Offshore crypto companies may create gaps in money laundering and sanctions regulation
According to Cointelegraph, the Financial Action Task Force (FATF), a global anti-money laundering regulatory body, has released a new report indicating that offshore virtual asset service providers (oVASP) pose risks of money laundering, sanctions evasion, and other illegal financial activities.
The report points out that some offshore cryptocurrency companies exploit differences in regulatory and supervisory coverage, making it difficult for authorities to effectively monitor transactions and enforce anti-money laundering (AML) and counter-terrorist financing regulations. As many offshore crypto businesses operate across multiple jurisdictions, such as differing locations for company registration, infrastructure, and customers, regulators find it challenging to clarify regulatory responsibilities, which also limits international cooperation.
FATF recommends that countries require offshore companies providing services to register or obtain licenses, even if they operate abroad, and strengthen cross-border regulatory and law enforcement cooperation. Additionally, FATF has previously warned that peer-to-peer stablecoin transactions and non-custodial wallets may undermine AML regulation, necessitating national-level risk assessments and the establishment of protective mechanisms.
You may also like
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
Houthi Deadline Countdown Begins | Rewire News Morning Brief
Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years
The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?
AI Agent Can't Kill SaaS
This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance
Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?
Privacy Infrastructure and the WEEX AI Trading Hackathon
A privacy-first Web3 ecosystem using masternodes, encrypted messaging, and confidential payments to protect traders and AI strategies on-chain.
Meme Culture, Community Energy, and the WEEX AI Trading Hackathon
A community-driven meme token built around one of the internet's most recognizable characters.
RGAI: Exploring AI Agent Trading and Advancing the WEEX AI Trading Hackathon
A Solana-based AI agent project connecting automated trading strategies with on-chain token dynamics in AI-driven Web3 markets.
ForeGate: Bringing Decentralized Forecasting to the WEEX AI Trading Hackathon
A decentralized prediction market platform enabling users and builders to gauge probabilities and make informed decisions around future events in AI-enhanced Web3 environments.
Apello: Automating Web3 Community Management and Partnering with the WEEX AI Trading Hackathon
A community toolkit enabling builders to streamline engagement and participation as Web3 ecosystems evolve with AI and decentralized innovation. As a community partner and sponsor of the WEEX AI Trading Hackathon, Apello reflects the growing fusion of community-driven participation and technical creativity in the Web3 space. The platform's commitment to empowering community interaction and meaningful engagement aligns with this shared vision of innovation.
RootData: Delivering Structured Web3 Intelligence and Sparking the WEEX AI Trading Hackathon
A Web3 data platform enabling investors and builders to uncover market insights and informed decision-making in AI-powered trading.
As a community partner and sponsor of the WEEX AI Trading Hackathonm RootData has a shared focus on transparency, data integrity, and insight-driven innovation across AI trading and market research.
Firecrew: Elevating Trader Skill and Amplifying the WEEX AI Trading Hackathon
A trading education and community platform helping individuals build disciplined strategies and risk control that pair with AI-driven innovation.
CrazyLiveDAO: Building an AI Trading Education DAO in Step with the WEEX AI Trading Hackathon
A Solana-based DAO and membership community combining AI agents, live trading education, and Web3 tools for global Chinese investors.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
App