In a new white paper on FinTech, Dr Doron Goldbarsht from Macquarie Law School and an expert in anti-money laundering (AML) and counter terrorist financing (CTF) regulations, explains that New Payment Products and Services (NPPS), which commonly involve anonymity, facilitate easier cross-border transactions, have faster turnaround times than traditional financial institutions, and allow for lower transactional amounts that may go undetected, carry risks of vulnerability to AML/CTF.
Through monitoring, investigation and appropriate law reform, these risks can be better identified and mitigated so that innovative NPPS can be used to their full positive potential.
To download a copy of the White Paper – visit the MySecurity Marketplace
