"Distributed ledger technology (DLT) such as Blockchain is playing an increasingly prevalent role in combatting money laundering and this article will explore the commercial advantages for companies that incorporate such Fintech into their AML procedures. It will also examine the potential concerns from a client perspective and how these should be addressed before platforms such as Blockchain gain universal industry approval."
http://www.antimoneylaundering.lawyer/blockchain-anti-money-laundering/
Global spending on anti-money laundering (AML) compliance is set to grow to more than $8 billion by 2017. It is, therefore, a costly but necessary obligation for companies, particularly as confronting the rising threat of terrorism and the increasingly sophisticated way in which it is financed is of such critical importance to the world’s governments. Distributed ledger technology (DLT) such as Blockchain is playing an increasingly prevalent role in combatting money laundering and this article will explore the commercial advantages for companies that incorporate such Fintech into their AML procedures. It will also examine the potential concerns from a client perspective and how these should be addressed before platforms such as Blockchain gain universal industry approval.
http://www.antimoneylaundering.lawyer/blockchain-anti-money-laundering/
Want to hear more from us? 
