THE METAVERSE – MONEY LAUNDERING’S NEW FRONTIER
August 30th, 2022
If you listen to Mark Zuckerberg, chief executive of Meta Platforms, which runs Facebook, humanity is about to take a quantum leap into living lives online as well as offline, interacting with people’s digital representations (avatars) via ‘metaverse’ virtual platforms. The question in AML terms is whether such systems, especially if widely used and interoperable, pose a new and growing risk of dirty money flows?
Nick Clegg, onetime UK Liberal Democrat Deputy Prime Minister and now Meta president, global affairs, is responsible for developing this element ...
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