Jonny Fry Posted
5th Money Laundering Directive - how Blockchain technology can help
According to Refinitiv, which carried out a recent survey of 2,373 organisations globally, it found that “estimated aggregate lost turnover as a result of financial crimes, according to the organizations we surveyed around the world, representing 3.5% of their global turnover equal to $1.4 trillion p.a.” Due to the amount of money generated from financial crime, whether that be slavery, drugs, prostitution, shipping illegal arms, selling body parts, extortion, terrorism (the list goes on!), there is increasing pressure on organisations to Know Your Client (KYC) and ensure that regulated companies have...
According to Refinitiv, which carried out a recent survey of 2,373 organisations globally, it found that “estimated aggregate lost turnover as a result of financial crimes, according to the organizations we surveyed around the world, representing 3.5% of their global turnover equal to $1.4 trillion p.a.” Due to the amount of money generated from financial crime, whether that be slavery, drugs, prostitution, shipping illegal arms, selling body parts, extortion, terrorism (the list goes on!), there is increasing pressure on organisations to Know Your Client (KYC) and ensure that regulated companies have...