✍️ From Having Controls to Effective Controls | Risk Control Insights from the FATF’s Latest Report FATF’s latest report highlights a key challenge for the virtual asset industry: having #AML# controls is no longer enough — they must be effective. As stablecoins, unhosted wallets, and cross-chain transactions reshape on-chain fund flows, traditional blacklist-based screening is becoming insufficient. Effective risk management requires deeper visibility into fund flows, transaction relationships, entity attribution, and risk exposure across complex on-chain environments. In our latest article, we explore the key risk scenarios highlighted by FATF and how virtual asset businesses can strengthen on-chain risk identification and analysis with tools such as @MistTrack_io . 📖 Read more:

📑 Here's the latest in crypto regulatory affairs: - OFAC sanctions Xinbi Guarantee, the second largest illicit marketplace of all time. Elliptic worked with the U.S. Secret Service to identify and freeze 52 wallets holding $52.8 million in USDT. - Singapore consults on the legislation that will implement its stablecoin regime, including recognition of some stablecoins issued abroad. - Thailand finalizes Travel Rule requirements that go further than the FATF standard on self-hosted wallets. - Senate Republicans release updated CLARITY Act text ahead of tomorrow's cloture vote. Elliptic's David Carlisle on what each regulatory event means for compliance teams: