The Paris-based watchdog group, the Financial Action Task Force, is warning that organized crime is ​moving billions of dollars in illicit funds around the world using ‌cryptocurrencies.
A new report by the task force, which is an ⁠intergovernmental anti-money laundering group, states that crypto-enabled crime ​has become more “complex and interconnected.”
In particular, criminal groups are using crypto to launder money and are also using crypto to perpetrate scams and investment ​fraud on innocent people.
As of April this year, 51 of 149 jurisdictions assessed were “largely compliant” with the task force’s standards for cryptocurrencies.
That’s equal to one-​third (34%) of countries assessed, up ⁠from 29% a year ago.
However, the Financial Action Task Force says that “significant gaps” remain in translating risk assessments ​into actual steps to reduce crypto-related ​crimes worldwide.
The ⁠use of stablecoins by organized crime to launder money has increased dramatically in the past year, with some ⁠criminals developing their own ​stablecoins that cannot be frozen or seized.
Cryptocurrency money laundering reached a record $158 billion U.S. globally in 2025, according to a separate report by Chainalysis.
