•oVASPs structure activities to evade oversight, using methods like dispersing funds and layered wallets to obscure illicit proceeds.
•FATF President Elisa de Anda Madrazo calls for urgent global action, strong compliance, supervision, and international cooperation to address these risks.
•Jurisdictions urged to detect, license/register oVASPs, enforce sanctions, and improve inter-agency and FIU-to-FIU cooperation.
•Financial institutions and VASPs must assess exposure to unlicensed oVASPs and avoid business relationships with non-compliant providers.
