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FATF praises TRON, Tether, and TRM Labs blockchain crime initiative
The Financial Action Task Force (FATF) has acknowledged the efforts of the joint initiative launched by TRON, Tether, and TRM Labs to combat illicit activity across blockchain networks.
The joint project, the T3 Financial Crime Unit (T3 FCU), initiated by TRON DAO, Tether, and TRM Labs, received recognition from FATF — the global watchdog for anti-money laundering and counter-terrorist financing that also shapes international standards and promotes anti-corruption policies.
According to The Block, in its latest publication FATF highlighted T3 FCU as a strong example of effective public-private cooperation in addressing illicit activity in blockchain ecosystems. FATF emphasized T3 FCU’s comprehensive monitoring capabilities, which enable cross-border operations and real-time identification and disruption of criminal activities, making it a valuable resource for law enforcement agencies worldwide.
Acting faster than criminal syndicates
Although the T3 FCU initiative was launched only in September 2024, it has already worked alongside law enforcement agencies globally to freeze more than $250 million in criminal assets. This demonstrates how industry collaboration can effectively combat financial crime while continuing to support blockchain innovation.
“Criminal networks move fast, and effective countermeasures must move even faster. T3 was created to enable rapid identification, seizure, and disruption of illicit activity. This is not just about information sharing — it is about coordinated action. T3 shows how law enforcement, stablecoin issuers, and blockchain analytics firms can work together to stop harm quickly, at scale, and in ways that were previously impossible,” said Ari Redbord, Vice President and Head of Global Policy and Government Affairs at TRM Labs.
The report also details that since its launch, T3 FCU has analyzed millions of transactions worldwide, tracked over $3 billion in total transaction volume, and supported the freezing of more than $250 million in illicit assets.
As we wrote, Major African economies expected to exit FATF grey list
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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