The whitepaper discusses several key areas, including an overview of digital currencies, risks and challenges, the current regulatory landscape, and potential technological solutions that can be implemented to further reduce the risks associated with AML and CTF.
At the same time, BAFT examines the benefits of a collaborative approach to handling financial crimes that might occur through the implementation of digital currencies and stresses on the importance of a strong partnership between financial institutions, regulatory authorities, law enforcement agencies, and tech providers.
Looking into the future, BAFT’s latest paper discusses the role of technology in further providing a safe space for digital currencies to thrive, focusing on advanced analytics, blockchain analytical tools, artificial intelligence (AI), and the use of machine learning (ML) algorithms.
The global financial services association for international transaction banking delivers high-end solutions across financial institutions, service providers, and the regulatory community. It is a forum for discussions on all financial things relates and provides a series of tools to enhance the collaboration between solution providers and stakeholders on how to define best market practices that can further deliver efficient cash management products.
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