FATF warns money laundering professionalizes via crypto, AI, digital hawala

FATF report highlights the rise of 'digital hawala' and the use of cryptocurrencies and AI in money laundering, indicating a shift from traditional informal systems to more professionalized, tech-enabled networks. The report sets global standards but does not specify new enforcement actions, leaving the regulatory response uncertain. This matters as it signals evolving financial crime tactics that could pressure regulators and financial institutions to adapt.