NW FCA REPORT HIGHLIGHTS BLOCKCHAIN’S POTENTIAL FOR AML CONCERNS, IF TECH PROBLEMS ARE OVERCOME
August 1st, 2017
FINANCIAL services, regulators and technology providers in the UK hope that virtual currencies and their associated blockchain technology may ultimately be a major asset in fighting money laundering and terrorist finance.
This was the “overall consensus” noted in report commissioned by Britain’s Financial Conduct Authority (FCA) following three months of research and more than 40 interviews with regulated firms, technology providers, industry bodies and academics. It said interviewees generally agreed that “distributed ledger technology has the potential ...
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