🔴The Financial Action Task Force (FATF) has published a new report on cyber-enabled fraud, deeming peer-to-peer transactions and decentralized finance "money laundering infrastructure". Notably, the report offers no statistics to support such claims, and rather relies on anecdotal evidence that the increased use of virtual assets contributes to an increase in cybercrime related fraud. The FATF calls for greater payment transparency and the application of AI/Machine Learning for the tracing of funds, as well as for the implementation of FATF guidance for virtual assets, which could go as far as subjecting front-end developers and non-custodial wallets to anti-money laundering regulations.