Peer-To-Peer Crypto A 'Very Real Concern', FATF Warns

Peer-to-peer cryptocurrency transfers that bypass regulated businesses or intermediaries are an increasingly pressing financial crime concern for supervisory authorities, a Financial Action Task Force (FATF) official has said.

Anti-money laundering efforts in the cryptocurrency sector have generally focused on the points where digital funds can be exchanged for fiat money, and typically apply to businesses facilitating transactions on behalf of their customers.

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