Stablecoins fuelling fraud surge – FATF President tells ‘Collared’ podcast, Mistral developing cybersecurity AI model, Meta sued over scam ads
https://www.linkedin.com/pulse/stablecoins-fuelling-fraud-surge-fatf-president-tells-cxykf
Publish Date: 2026-05-14 05:34:00
Source Domain: www.linkedin.com
Using an unordered list, summarize the following article with between 4 and 8 key points.
From Paul O’Donoghue at AMLi
Welcome to the Thursday AML Intelligence Technology Newsletter, where we look at all the advances in the AFC tech space. Here’s your quick hit of the week’s biggest stories.
Stablecoins are a major contributor to the global surge in the number of scams in recent years, according to the President of the FATF (Financial Action Task Force).
Speaking on ‘Collared’, a new podcast from AML Intelligence launching on Monday May 18,
Elisa de Anda Madrazo
pointed to the links between virtual currencies and illicit activity.
“The growth of fraud is out of [control],” she said. “In the US, the growth in one year was 25%. It’s not just incremental every year, it’s big jumps.
“We looked into how virtual assets, including stablecoins, are used in these scams and fraud.”
She pointed to a recent report from the FATF on the issue. This cited work from Chainalysis, a blockchain analysis firm, which indicated that stablecoins accounted for 84% of illicit virtual asset transaction volume in 2025.
MISTRAL AI MODEL: French AI startup Mistral is discussing a new cybersecurity-focused AI model with European banks as lenders seek alternatives to restricted-access systems such as Anthropic’s Mythos.
The company has been developing a model designed to identify cybersecurity vulnerabilities and has already held talks with banks in Europe.
META SCAM ADS: California’s Santa Clara County has sued #Meta Platforms, alleging it has profited from scam ads on Facebook and Instagram in violation of California’s false advertising and unfair business practices laws.
The lawsuit accuses the social media giant of tolerating fraudulent advertising on a global basis. Meta said it intends to defend itself against the claim.
CYBER AND CRYPTO RISKS: The risk of German financial institutions being used for money laundering remains high due to the expansion of cryptocurrencies, the country’s financial watchdog said.
BaFin also warned of a growing risk of cyberattacks on IT infrastructure.
CLARITY ACT: Finally, U.S. lawmakers have unveiled the text of the long-awaited, landmark Clarity Act that would create a regulatory framework for cryptocurrencies.
Here are the five key points to know about the landmark bill.
Who said compliance and fighting global crime was boring?
Join us in London on Oct 7 in the Hilton Tower Hotel at the global gathering of financial crime fighters at the ‘International Anti-Financial Crime Summit 2026’
We will continue the great work from the recent ‘European Anti-Financial Crime Summit’ in Dublin, where global leaders and delegates convened to make a real difference.
PHOTO GALLERY: See all the pictures from #EAFCS2026, the AFC event-of-the-year
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Have a great Thursday 👋
Stephen and the team at AMlintelligence.
