CRYPTO INTELLIGENCE TOOLS’ VALUE TO AML/CFT EXPANDS AS VIRTUAL CURRENCY USAGE GROWS
September 9th, 2024
There are undoubtedly vast amounts of data available through cryptocurrency blockchains for AML/CFT/CFP compliance, supervision and law enforcement, making increasingly available and sophisticated assessment tools more valuable.
Yong Li, Anti‑Money Laundering Advisor, for Canada-based consultancy The AMLShop, told MLB of the available crypto-ledger data: “Up to the end of last month, for Bitcoin it's 596 gigabytes [GB] and for the Ethereum it is about 1,100 GB. That is humongous.”
And this data pool is unlikely to shrink any time soon. While the ...
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