Duo who pretended to be police stole R$800,000 in cryptocurrencies after false approach Criminals are exploiting loopholes in regulation to move billions of dollars in illicit resources through the cryptocurrency market, the Financial Action Group (FATF) said this Thursday (16) in its latest report on virtual assets and illicit financing. In the document, the intergovernmental anti-money laundering body, based in Paris, France, states that crimes involving cryptocurrencies have become more "complex and interconnected" in the last year. According to the FATF, regulators, financial institutions and companies in the sector face "significant and ongoing challenges" in identifying and interrupting money laundering flows linked to financial scams and investment fraud schemes. The report shows that progress has been made in adopting the group's recommendations. As of April 2026, 51 of the 149 jurisdictions assessed were "broadly compliant" with FATF standards for virtual assets, equivalent to just over a third (34%) of the total. In the previous year, this percentage was 29%. Last year, an AI robot made millions of dollars in cryptocurrencies: discover the Truth Terminal BBC There is still room for error Despite the evolution, the organization warns that "significant gaps" still persist in the implementation of measures capable of reducing crimes related to cryptocurrencies. The FATF also highlighted the growth in the use of stablecoins - cryptocurrencies linked to a reference asset, such as the dollar - by criminal organizations. According to the report, some of these networks have gone on to develop their own stablecoins, designed to resist asset freezing and seizure by authorities.