On 2 June, FATF issued a news release highlighting its work in this area, identifying 3 ongoing projects –
- opportunities and challenges of new technology to help the private sector and supervisors implement AML/CFT measures more efficiently;
- the role of data pooling, collaborative analytics and data protection, taking stock of technologies that facilitate advanced AML/CFT analytics within regulated entities or collaborative analytics between financial institutions, while respecting national and international data privacy and protection legal frameworks; and
- making more efficient systems for operational agencies to detect and investigate money laundering and terrorist financing and understanding risks.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y